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Author Topic: [PPS multipool] NiceHash.com pool - higher profits than direct mining BTC!  (Read 74125 times)
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December 14, 2014, 10:02:58 AM
#1


Sell your hashing power as simple as using a PPS pool!


This thread is intended for a quick overview and debate for miners (sellers/providers) of hashing power, who can use NiceHash.com as simple any other Bitcoin/SHA256 pool/multipool. The complete description of NiceHash.com service is available in this topic.

Why use NiceHash.com SHA256 mining pool?
- It is as simple as using any other pool/multipool with PPS payments
- Higher profits than direct mining BTC, detailed in statistics
- Automatic payments in Bitcoins up to 4 times a day
- No registration needed
- Stable and reputable service from April 2014

NiceHash.com is the most suitable service for miners who are looking for easy and profitable mining experience with higher profits than direct mining BTC.

Take a look at our Getting started guide and start mining on our pools.

Keep in mind that NiceHash/WestHash is a PPS pool with higher profits that direct mining BTC (see Stats on our homepage).

With the fees set to only 3% our pool has the lowest fee among popular PPS paying pools (usualy at 4% or 5% fees).


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December 14, 2014, 12:55:32 PM
#2

I have friends that have been telling me to try NiceHash so I just moved my miners over to WestHash and I like what it shows so far.
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December 14, 2014, 01:37:56 PM
#3

Is there a limit to how small of a contribution someone can make? Meaning, can I point one of my S1s there to test out these fantastical figures?  Huh

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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December 14, 2014, 02:06:00 PM
#4

It shows I have made in two hours what would have taken me 16 hours on PPS?
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December 14, 2014, 02:08:34 PM
#5

Is there a limit to how small of a contribution someone can make? Meaning, can I point one of my S1s there to test out these fantastical figures?  Huh

I would think it would not matter what size miner you use.
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December 14, 2014, 02:16:44 PM
#6

So it seems. I read through the Nicehash website and it appears you can use any miner, although there seems to be issues with people using junkers with outlandish error rates screwing things up. My Spidey sense says that something that is too good to be true usually isn't, but if they are paying 4 times a day I don't see much risk in pointing one over there. The site is currently quoting .0886 BTC/THs/Day. The Coinwars projection is .0226. My main reservation to trying this at the moment is that Slush is having a boomer of a day (FINALLY) and I am running @ about .03/Ths/Day currently and I don't want to pull off of that tit right now. Maybe if things cool off I will give it a try. I do understand the business model (Sell to sucker and buy from me and keep a cut), all you have to do is check Ebay and see the (insert derogatory term for zero math skill person here)'s paying $5-$10/day to rent S3's. The issue there is disgruntled buyers and full on scammers though.

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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December 14, 2014, 02:31:13 PM
#7

So it seems. I read through the Nicehash website and it appears you can use any miner, although there seems to be issues with people using junkers with outlandish error rates screwing things up. My Spidey sense says that something that is too good to be true usually isn't, but if they are paying 4 times a day I don't see much risk in pointing one over there. The site is currently quoting .0886 BTC/THs/Day. The Coinwars projection is .0226. My main reservation to trying this at the moment is that Slush is having a boomer of a day (FINALLY) and I am running @ about .03/Ths/Day currently and I don't want to pull off of that tit right now. Maybe if things cool off I will give it a try. I do understand the business model (Sell to sucker and buy from me and keep a cut), all you have to do is check Ebay and see the (insert derogatory term for zero math skill person here)'s paying $5-$10/day to rent S3's. The issue there is disgruntled buyers and full on scammers though.

I use to mine on Slush a few years ago. I am not sure who is renting these miners at such a high rate on NiceHash but I will take the good pay while it last as I am sure it will not be for long.

Edit: Am wondering if they are using the hash to mine another SHA256 coin other than BTC that maybe be hot at the moment. I really don't follow any other coins so I am not sure.
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December 14, 2014, 03:14:40 PM
#8

I suspect that is what people buying hashpower are doing, at least those who do it for any length of time. I have tried this (mining the hot alt coin of the moment)  but always end up chasing butterflies it seems. I can understand a looky-loo just wanting to try mining overpaying for a short period of time.  I pointed an S1 and an S3 there. I think I did it right. I signed up and pointed them to the stratum address for SHA-256 using my wallet address as user name, like a P2pool. IS this correct? Did I miss something? How do I monitor what is happening? Do I just wait for a payout in 6 hours??

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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December 14, 2014, 03:21:19 PM
#9

I suspect that is what people buying hashpower are doing, at least those who do it for any length of time. I have tried this (mining the hot alt coin of the moment)  but always end up chasing butterflies it seems. I can understand a looky-loo just wanting to try mining overpaying for a short period of time.  I pointed an S1 and an S3 there. I think I did it right. I signed up and pointed them to the stratum address for SHA-256 using my wallet address as user name, like a P2pool. IS this correct? Did I miss something? How do I monitor what is happening? Do I just wait for a payout in 6 hours??

If you pointed to your deposit address on NiceHash then you will not be paid. Read this:

Quote
Do NOT mine into this address directly! Mining payments to this address will be ignored and considered as donations! Also, do NOT use this wallet Bitcoin address for pool username when configuring your miner for mining on our stratum servers. Use your own personal or cloud Bitcoin wallets for mining. This is a deposit address only for buying hashing power. Thank you for understanding.

Your have to use your own wallet address, not the deposit one provided by NiceHash. Also, if you are a miner, you don't have to create account at all, just point your miner with your BTC address as username.
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December 14, 2014, 03:23:03 PM
#10

Thank you for the quick reply. I did actually read that and I am using my personal regular wallet receive address for the username and not the one provided by Nicehash. Are the payouts done @ exact UTC times or per when the mining session started?

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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December 14, 2014, 03:23:31 PM
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I suspect that is what people buying hashpower are doing, at least those who do it for any length of time. I have tried this but always end up chasing butterflies it seems. I can understand a looky-loo just wanting to try mining overpaying for a short period of time.  I pointed an S1 and an S3 there. I think I did it right. I signed up and pointed them to the stratum address for SHA-256 using my wallet address as user name, like a P2pool. IS this correct? Did I miss something? How do I monitor what is happening? Do I just wait for a payout in 6 hours??

I went to the miners list on the upper right hand side. then scrolled down to my payment address which is easy to find just looking around your hash rate. Once you click on your payment address it will show you your miners. now i am trying to figure out how to number my miners as i have 6 S3's pointed here.
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December 14, 2014, 03:38:38 PM
#12

Update: I see my miners in the list, thanks for the tip Aurel. So far so good. Fingers crossed that I am not chasing butterflies here.....

P.S: A way to differentiate your miners would be to use different receive addresses for each, depending on what wallet you are using you may already have several available. I have been doing this on P2pools that I have tried.

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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December 14, 2014, 03:49:36 PM
#13

NiceHash has very large FAQ section. You can name your miners and still mine under same BTC address. Read this: https://www.nicehash.com/index.jsp?p=faq#faqs1
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December 14, 2014, 04:03:34 PM
#14

NiceHash has very large FAQ section. You can name your miners and still mine under same BTC address. Read this: https://www.nicehash.com/index.jsp?p=faq#faqs1

I some how looked past it, but got it now. thank you
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December 14, 2014, 04:15:34 PM
#15

Same here, that is a nice feature. I went ahead and pointed all 5 of my miners there for a real test.

A question I still have that I did not see answered in the FAQs is: At what times are the payouts made? It says 4 times per day, but not what these 4 times are. Are they made at UTC times, i.e. 12 midnight, 6 am, 12 noon, 6 pm UTC???


All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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December 14, 2014, 04:19:06 PM
#16

Update: I see my miners in the list, thanks for the tip Aurel. So far so good. Fingers crossed that I am not chasing butterflies here.....

P.S: A way to differentiate your miners would be to use different receive addresses for each, depending on what wallet you are using you may already have several available. I have been doing this on P2pools that I have tried.

I also set my password as p=.013 so if the buying rate drops below .013 per TH/s my miners will move to my PPS pool as I can get that much on PPS.
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December 14, 2014, 05:08:59 PM
#17

Just received my first payment for 5 hours of mining.  Shocked very nice!
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December 14, 2014, 10:17:49 PM
#18

We need more hashing power! What are you waiting for, point your SHA256 miners to NiceHash.com / WestHash.com!

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December 15, 2014, 03:50:57 PM
#19

I also set my password as p=.013 so if the buying rate drops below .013 per TH/s my miners will move to my PPS pool as I can get that much on PPS.

That is a pretty cool feature...

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December 15, 2014, 04:44:23 PM
#20

I also set my password as p=.013 so if the buying rate drops below .013 per TH/s my miners will move to my PPS pool as I can get that much on PPS.

That is a pretty cool feature...

Kind of what I thought also. Will wait and see how it works out. I believe then if the rate ever comes back up to my threshold the miners will move back to WestHash by themself.
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December 16, 2014, 03:01:07 AM
#21

This is very good for me. Smiley

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December 17, 2014, 08:56:56 AM
#22

Just a reminder: the gold rush is still ongoing, check out NiceHash.com / WestHash.com.

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December 17, 2014, 11:09:50 AM
#23

Just a reminder: the gold rush is still ongoing, check out NiceHash.com / WestHash.com.

I have joined the madness too!  Shocked

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
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December 17, 2014, 04:59:12 PM
#24

Just a reminder: the gold rush is still ongoing, check out NiceHash.com / WestHash.com.

I have joined the madness too!  Shocked

Lets see what happens joined toooo
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December 17, 2014, 06:26:09 PM
#25

Just a reminder: the gold rush is still ongoing, check out NiceHash.com / WestHash.com.

I have joined the madness too!  Shocked

Lets see what happens joined toooo

Wise decision!

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
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December 17, 2014, 09:05:39 PM
#26

loving this gold rush, but i see the payouts are shrinking pretty fast. is this due to rising paycoin difficulty, or because fewer people are renting rigs?

ive got about 15% of my hashrate mining paycoins directly, and the rest on nicehash. at current exchange rates the rewards look fairly close, but altcoin trading isnt really my skillset.

24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bitcointalk.org/index.php?topic=563461 also selling 6" M-F-M PCIe splitters and PCIe-PCIe
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December 18, 2014, 07:19:15 AM
#27

Shrinking yes but still good

from Alloscomp : 0.0127
                         0.0327

This is per 1000 Ghs

The only bad is the BTC price its dropping to 300$ as I see now
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December 18, 2014, 05:57:21 PM
#28

Shrinking yes but still good

from Alloscomp : 0.0127
                         0.0327

This is per 1000 Ghs

The only bad is the BTC price its dropping to 300$ as I see now

BTC price will do what it does. The last low in the price was a drop to about $275, so right now we are seeing resistance against the price going that low again. The closer the price gets to $275/BTC, the more likely it will have a big upswing, or break past and fall to a new support level closer to $250. personally i think going back up is likely as the majority of news and recent developments are good for bitcoin and the network is significantly larger and more powerful than it was only a year or two ago.

either way, the paycoin profits are fantastic - even at 3x the bitcoin payout rate, if electricity is 40% of my bitcoin income, then with paycoin my PROFITS are about 5x that of bitcoin mining. (even if the goldrush ends this weekend, that difference cuts several weeks off my ROI timeframe)

24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bitcointalk.org/index.php?topic=563461 also selling 6" M-F-M PCIe splitters and PCIe-PCIe
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December 19, 2014, 10:01:10 AM
#29

I have not choosen to mine paycoin directly as I diid not want to mess with wallets of that coin
and did not know what will happen if all start to sell it
Actually I have not read much so not clear what is happening with this GAW coin
I have thrown nearly all available hash power to nice hash and enjoy it
I read somewhere that the last block of paycoin will give a big bonus like lotto.
I dont know when renting the rigs will not be more profitable but I know some
guys are always mine the most profitable coin from coinwarz.
I dont have the time to do this so prefered the rent
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December 20, 2014, 06:12:35 PM
#30

I have a number of miners pointed to westhash, all with the exact same parameters.  Why do some suddenly show the site as down, but the others are fine?  A minute ago all but one showed it as down, then they all switched to up, now they all show as down.

I realize the front end is down, but it says stratum servers should be fine.

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December 20, 2014, 11:38:05 PM
#31

I am sorry guys but I think the game is over IMHO.

All is Mine!

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aclass
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December 21, 2014, 06:45:58 PM
#32

the paycoin rush is over. back to BTC mining and waiting for the next "BIG" thing Smiley

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December 21, 2014, 07:25:43 PM
#33

the paycoin rush is over. back to BTC mining and waiting for the next "BIG" thing Smiley

I'd be happy with little things! Smiley

M

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December 25, 2014, 05:38:22 PM
#34

Nicehash is good pool for all coin from bitcoin to alt coin as scrypt , x11,x13 ... Many thanks

[Get Free EAGS]BCT SIG -Promo! ends Jan. 27
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December 25, 2014, 06:27:38 PM
#35

NiceHash is not a pool YO

Nicehash is good pool for all coin from bitcoin to alt coin as scrypt , x11,x13 ... Many thanks

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December 26, 2014, 08:32:52 AM
#36

NiceHash is not a pool YO

Nicehash is good pool for all coin from bitcoin to alt coin as scrypt , x11,x13 ... Many thanks

Well, NiceHash is not an ordinary Bitcoin pool, but as far as miners are concerned it works exactly the same as any other pool - you connect you miners to NiceHash pool and you're paid in Bitcoins, as simple as that. Moreover, you get paid on PPS system without any variance which guarantees you stable and better payouts then regular Bitcoin pools. And it is even better for Scrypt or GPU mining where you are paid much more then direct Litecoin or Darkcoin mining.

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December 26, 2014, 09:00:13 AM
#37

Yes, you guys work just like a pool, which is quite nice tech, but still you are not a pool. I did hash with you on the XPY rush and I admire your work on the system.

In this case amytat was just looking for a place to post his BS and increase the post count a bit. Smiley


NiceHash is not a pool YO

Nicehash is good pool for all coin from bitcoin to alt coin as scrypt , x11,x13 ... Many thanks

Well, NiceHash is not an ordinary Bitcoin pool, but as far as miners are concerned it works exactly the same as any other pool - you connect you miners to NiceHash pool and you're paid in Bitcoins, as simple as that. Moreover, you get paid on PPS system without any variance which guarantees you stable and better payouts then regular Bitcoin pools. And it is even better for Scrypt or GPU mining where you are paid much more then direct Litecoin or Darkcoin mining.

BTC: 1Bitcoin8dtPLLZcRtS6Kc8o4eXXZhxEaj || Spondoolies SP20 on Amazon   || Antminer S5 on Amazon
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January 08, 2015, 06:27:05 PM
#38

From the 4 days I have been pointed to westhash, I have only been paid once a day...  Is it different if I point to nicehash?
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January 08, 2015, 07:30:18 PM
#39

From the 4 days I have been pointed to westhash, I have only been paid once a day...  Is it different if I point to nicehash?

Please, take a look at this FAQ: https://www.nicehash.com/index.jsp?p=faq#faqs5

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January 08, 2015, 11:32:57 PM
#40

Is it worth running on nicehash/westhash still, or should I not bother and just go with normal pool mining?
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January 08, 2015, 11:36:00 PM
#41

I don't know... I am making around 0.02370 BTC daily with 2.1 TH but it's only been around 3 days.  I have nothing to compare it to since I am new to mining.
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January 08, 2015, 11:42:54 PM
#42

I think the thread title needs an update Smiley

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January 09, 2015, 12:33:09 AM
#43

I don't know... I am making around 0.02370 BTC daily with 2.1 TH but it's only been around 3 days.  I have nothing to compare it to since I am new to mining.

That's low.  2.1 TH/s should average out to about 0.027 BTC daily.

I suggest checking the main page of west hash and look at the percentage for BTC to see if it's worth mining there.  Right now it's at 0%, which I think means you'll do better at a conventional pool.  Also, you can configure your workers to only kick in when the payout makes it worth while.

M

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January 09, 2015, 03:31:20 PM
#44

I don't know... I am making around 0.02370 BTC daily with 2.1 TH but it's only been around 3 days.  I have nothing to compare it to since I am new to mining.

That's low.  2.1 TH/s should average out to about 0.027 BTC daily.

I suggest checking the main page of west hash and look at the percentage for BTC to see if it's worth mining there.  Right now it's at 0%, which I think means you'll do better at a conventional pool.  Also, you can configure your workers to only kick in when the payout makes it worth while.

M

this is correct.  I rent for nicehash and westhash  .  They are great when a lot of people are renting to mine a hot coin.  Give me a minute to show how to set your miner's pools up to allow for westhash or nicehash to mine only when the price is a bit better.
 note westhash is for the western hemisphere
 nicehash is for the rest of the world

my pools page on my sp20  I set my rental price at 0.0141  that is about  0.0023 over the normal price of 0.0118  per th  

this overspread may allow for 10 to 30 hours a week  at the higher prices.

the pool it is mining at now is paying me about .0119 .



where my sp20 is mining right now it skipped over nicehash.  I set my rental price too high


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January 09, 2015, 03:42:30 PM
#45

Hey thanks!  That's really helpful.  Love your SP20 interface.
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January 09, 2015, 11:48:17 PM
#46

Hey thanks!  That's really helpful.  Love your SP20 interface.

Since most pools uses some form of PPLNS, it hurts to jump back to Westhash/Nicehash when it's a "little higher" than normal.  For that reason I have mine set quite a bit higher: 0.03

M

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January 10, 2015, 05:37:02 PM
#47

Hey thanks!  That's really helpful.  Love your SP20 interface.

Since most pools uses some form of PPLNS, it hurts to jump back to Westhash/Nicehash when it's a "little higher" than normal.  For that reason I have mine set quite a bit higher: 0.03

M

yes your second choice under nicehash/westhash

 needs to be a non-pplns pool  such as


https://mining.bitcoinaffiliatenetwork.com

https://www.f2pool.com

http://solo.ckpool.org

if you have

https://www.btcguild.com/

https://bitminter.com/


the switching will be harmful.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
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January 11, 2015, 10:19:49 AM
#48

Hey thanks!  That's really helpful.  Love your SP20 interface.

Since most pools uses some form of PPLNS, it hurts to jump back to Westhash/Nicehash when it's a "little higher" than normal.  For that reason I have mine set quite a bit higher: 0.03

M

yes your second choice under nicehash/westhash

 needs to be a non-pplns pool  such as


https://mining.bitcoinaffiliatenetwork.com

https://www.f2pool.com

http://solo.ckpool.org

if you have

https://www.btcguild.com/

https://bitminter.com/


the switching will be harmful.

Or even worst at Slush's Pool as old shares are discarded and you could end up with no payment at all.
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January 30, 2015, 06:12:21 PM
#49

Rates are way up right now (.021 /THs), get your rigs on Nicehash/Westhash to cash in on the boom!

Up past .025 now, get in while it lasts!

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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January 30, 2015, 07:24:09 PM
#50

Hey thanks!  That's really helpful.  Love your SP20 interface.

Since most pools uses some form of PPLNS, it hurts to jump back to Westhash/Nicehash when it's a "little higher" than normal.  For that reason I have mine set quite a bit higher: 0.03

M

yes your second choice under nicehash/westhash

 needs to be a non-pplns pool  such as


https://mining.bitcoinaffiliatenetwork.com

https://www.f2pool.com

http://solo.ckpool.org

if you have

https://www.btcguild.com/

https://bitminter.com/


the switching will be harmful.
Incorrect.

As I have explained a few times, the PPLNS at my pool pays out the shares over the 5N diff after they are submitted.
It simply means that your shares get paid out over time ...
The 5N also reduces the luck variance.

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
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January 30, 2015, 08:52:02 PM
#51

Rates are way up right now (.021 /THs), get your rigs on Nicehash/Westhash to cash in on the boom!

Up past .025 now, get in while it lasts!

Well that was short lived

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January 30, 2015, 11:41:22 PM
#52

Hey thanks!  That's really helpful.  Love your SP20 interface.

Since most pools uses some form of PPLNS, it hurts to jump back to Westhash/Nicehash when it's a "little higher" than normal.  For that reason I have mine set quite a bit higher: 0.03

M

yes your second choice under nicehash/westhash

 needs to be a non-pplns pool  such as


https://mining.bitcoinaffiliatenetwork.com

https://www.f2pool.com

http://solo.ckpool.org

if you have

https://www.btcguild.com/

https://bitminter.com/


the switching will be harmful.
Incorrect.

As I have explained a few times, the PPLNS at my pool pays out the shares over the 5N diff after they are submitted.
It simply means that your shares get paid out over time ...
The 5N also reduces the luck variance.

you are correct as long as  the rates at nice/west hash don't stay really high and your pool does not do back to back  500% blocks.

If I set westhash at 0.015  at first choice with your pool as second choice.

 Lets say for 5 hours  rates are  under 0.015 and I earn 1 % of your pool during that time 50th of hash would do that..  Then westhash rates jump to 0.016 switches me off your pool keeps me off your pool for days.  you pool does back to back 500% blocks I would lose all the shares due to dilution .
Very unlikely but possible.
So rather then  confuse the question asked,  I put pools  that can never happen to.

My own choice is to use your pool 2nd and f2pool third. Since I don't think back to back 500% blocks and really high rates on westhash will happen .  (I figure 10000 to 1 or more )   but on the net If I tell some one to use your pool under westhash I need the longer explaination.  If someone reads this post along with your quote  I think they would be fully informed.
   Took me a while to fully understand this angle to your pool  another reason I use it along with westhash.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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January 30, 2015, 11:55:06 PM
#53

Hey thanks!  That's really helpful.  Love your SP20 interface.

Since most pools uses some form of PPLNS, it hurts to jump back to Westhash/Nicehash when it's a "little higher" than normal.  For that reason I have mine set quite a bit higher: 0.03

M

yes your second choice under nicehash/westhash

 needs to be a non-pplns pool  such as


https://mining.bitcoinaffiliatenetwork.com

https://www.f2pool.com

http://solo.ckpool.org

if you have

https://www.btcguild.com/

https://bitminter.com/


the switching will be harmful.
Incorrect.

As I have explained a few times, the PPLNS at my pool pays out the shares over the 5N diff after they are submitted.
It simply means that your shares get paid out over time ...
The 5N also reduces the luck variance.

you are correct as long as  the rates at nice/west hash don't stay really high and your pool does not do back to 500% blocks.

If I set westhash at 0.015  at first choice with your pool as second choice.

 Lets say for 5 hours  rates are  under 0.015 and I earn 1 % of your pool during that time 50th of hash would do that..  Then westhash rates jump to 0.016 switches me off your pool keeps me off you pool for days.  you pool does back to back 500% blocks I would lose all the shares due to dilution .
Very unlikely but possible.
So rather the confuse the question asked I put pools  that can never happen to.

My own choice is to use your pool 2nd and f2pool third. Since I don't think back to back 500% blocks and really high rates on westhash will happen .  (I figure 10000 to 1 or more )   but on the net If I tell some one to use your pool under westhash I need the longer explaination.  If someone reads this post along with your quote  I think they would be fully informed.
   Took me a while to fully understand this angle to your pool  another reason I use it along with westhash.
Yes, but your example works both ways.
If the pool averages better than 5 blocks in the following 500% you'll do better.

But the point is that is all random probability.

The expected average result over time is to get 99.1% (due to the 0.9% fee)

Each share itself will depend on the 500% after it is submitted, which of course can go both ways: pay better or worse than expected, but again, should average as expected.

Also note that over the past week we have averaged below expected, but over the previous 4 months have averaged above expected.
All of that is random luck, but that's just the way it has been, the results are random, but the expected result over time is the average.
(The last 42 blocks have been only just better than 100%)

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January 31, 2015, 07:05:37 PM
#54

Rates are way up right now (.021 /THs), get your rigs on Nicehash/Westhash to cash in on the boom!

Up past .025 now, get in while it lasts!

Well that was short lived

Rates are rising once again, although not quite as high as yesterday. Still higher than mining BTC at the moment.

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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February 01, 2015, 12:58:22 AM
#55

Rates are way up right now (.021 /THs), get your rigs on Nicehash/Westhash to cash in on the boom!

Up past .025 now, get in while it lasts!

Well that was short lived

Rates are rising once again, although not quite as high as yesterday. Still higher than mining BTC at the moment.

Yeah I set my minimum mining price at 0.0130.  Still pretty decent.  Bummer it'll be gone once this random UNB pump is over.

1Bonds3znU2tqc99b8cdDkBX9m6q9ftVG2
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February 01, 2015, 05:03:18 AM
#56

thats the nice thing about the fixed price Smiley

my 17TH switched over for about 6hrs today, at about ~105% profitability during that period. (p=0.0128)

24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bitcointalk.org/index.php?topic=563461 also selling 6" M-F-M PCIe splitters and PCIe-PCIe
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February 03, 2015, 02:33:57 PM
#57

I have been unable to get my S5 to accept Westhash or Nicehash. Am I overlooking something? Anyone else experiencing this?

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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February 03, 2015, 06:33:33 PM
#58

I have been unable to get my S5 to accept Westhash or Nicehash. Am I overlooking something? Anyone else experiencing this?

screen shot the settings

what is the top setting.


stratum+tcp://stratum.westhash.com:3334   = pool


btc address                                                 = user



P=0.0102                                                    =   password set to a price  try a really low price like the one on the left.

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February 03, 2015, 06:41:39 PM
#59



These settings work on all of my S3's. I have tried address with and without the //, pay limit password and no password (x), everything I could think of and I can not get my S5 to accept Westhash (or Nicehash). Always shows as dead.

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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February 03, 2015, 06:58:22 PM
#60

Hi,

Try specifically add stratum+tcp at the beginning of the pool string, exactly like this:


stratum+tcp://stratum.nicehash.com:3334#xnsub

or

stratum+tcp://stratum.westhash.com:3334#xnsub


(#xnsub parameter at the end enables extranonce.subcribe for better efficiency on our service)

Also, make absolutely sure you're using valid Bitcoin address for Worker name, validate it through https://blockchain.info/ Search field.


This should work. Also, are you using these S5 miners on the same location with the same public IP address as other miners of yours, which are running fine on WestHash/NiceHash?

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February 03, 2015, 07:09:18 PM
#61

Thanks for the reply. I have tried using this exact address : stratum+tcp://stratum.nicehash.com:3334 , but I have never tried the extranonce. I have 4 S3's on Westhash right now, and they will all connect with or without the extra // prefix on the address. The Bitcoin address is definitely valid, it is the same one that the S3's are using. My miners are numbered 11-15, so I have the addition of worker on the end of address (Bitcoinaddress.11-.15) and I have also tried using no suffix on the S5 bitcoin address, as well as trying one of the other address's with a different suffix with no luck. I am stumped on this one, although I have a feeling it is something simple to fix.

Edit to add: Are you saying I should enter this entire address(including the stratum+tcp:)into the address bar on the S5? stratum+tcp://stratum.nicehash.com:3334


Edit again: I used the entire address including the stratum+tcp: prefix and it worked!





Solved! I figured it was something simple. Very strange that the S5 will not connect using the address without the stratum+tcp prefix but the S3's will.

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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February 05, 2015, 07:47:54 PM
#62

[BTC +1000%] Try NiceHash.com pool, INSANE Bitcoin up to +1000% profits atm!!!

yea right BS!

I would like to know how to achieve that if it's legit which I doubt it sounds like a big fat ponzi scheme!
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February 05, 2015, 07:49:20 PM
#63

Is it really worth buying hashing power or its just a 100 percent loss ?

I just started using that site and I am lost.

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February 05, 2015, 08:47:47 PM
#64

Is it really worth buying hashing power or its just a 100 percent loss ?

I just started using that site and I am lost.

Usually you can rent out and get right at the projected BTC yield. That is better than any regular BTC pool is doing these days. Renting is usually done by people chasing pumped coins. Last week it was UNB.

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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February 05, 2015, 10:25:19 PM
#65

Is it really worth buying hashing power or its just a 100 percent loss ?

I just started using that site and I am lost.



Rent some power and point it to this solo pool https://bitcointalk.org/index.php?topic=763510.0 to have a chance to win 25BTC Cheesy

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
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February 05, 2015, 10:38:54 PM
#66

Rent some power and point it to this solo pool https://bitcointalk.org/index.php?topic=763510.0 to have a chance to win 25BTC Cheesy

Exactly! And you can make use of our fresh NiceHashBot which will help you sustain desired hashing power with a minimum effort and best price: https://github.com/nicehash/NiceHashBot

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February 09, 2015, 05:13:39 PM
#67

[BTC +1000%] Try NiceHash.com pool, INSANE Bitcoin up to +1000% profits atm!!!

yea right BS!

I would like to know how to achieve that if it's legit which I doubt it sounds like a big fat ponzi scheme!

It happened for a week back in December due to GAW launching the PoW phase of their coin.  People were paying outrageous prices to get gear to mine that coin which was supposed to have a $20 value floor.  That didn't hold for more than 30 minutes when the official GAW exchange opened up.

Anyway, I don't intend to drag this thread into the myriad others already discussing GAW and their coin, but I wanted to point out how it is that folks with gear on nice/westhash were indeed making 1000% during that timeframe Smiley.

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February 09, 2015, 06:13:43 PM
#68

I've had 3 miners pointed to NiceHash/WestHash for when the payout is >3% above BTC and using BitAffNet as a secondary for the lower payout times and it has worked well until BitAffNet stopped paying (It's been over a week since payout and they just retroactively adjusted the payout to the new difficulty resulting in a 7.71% loss!).  I'm now looking for a new pool(s) for my secondary on these 3 miners since I'm done with BAN.

If I stick with PPS, I'm probably looking at a 4% pool and I'd set WestHash to 2% below BTC.  I'm not certain if this is the best (most profitable) approach though.

For those with experience doing so, how well does hopping on/off WestHash work with a PPLNS pool?  It would seem that with high N value it would even out, but the variance does make it difficult to determine.  Maybe speading out across multiple PPLNS pools could reduce the variance/risk from switching on/off WestHash?

What is a good value to set WestHash at when using along with PPLNS?

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February 10, 2015, 01:53:29 AM
#69

I've had 3 miners pointed to NiceHash/WestHash for when the payout is >3% above BTC and using BitAffNet as a secondary for the lower payout times and it has worked well until BitAffNet stopped paying (It's been over a week since payout and they just retroactively adjusted the payout to the new difficulty resulting in a 7.71% loss!).  I'm now looking for a new pool(s) for my secondary on these 3 miners since I'm done with BAN.

If I stick with PPS, I'm probably looking at a 4% pool and I'd set WestHash to 2% below BTC.  I'm not certain if this is the best (most profitable) approach though.

For those with experience doing so, how well does hopping on/off WestHash work with a PPLNS pool?  It would seem that with high N value it would even out, but the variance does make it difficult to determine.  Maybe speading out across multiple PPLNS pools could reduce the variance/risk from switching on/off WestHash?

What is a good value to set WestHash at when using along with PPLNS?


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February 17, 2015, 07:04:07 AM
#70

Again there are currently some very well paying orders. Past 7 days average price is also good: +5% more then direct Bitcoin mining. You are welcome to join our service.

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February 19, 2015, 02:46:41 AM
#71

I have been mining on this pool for months now and I must admin, no issues so far. Payments are regular.

I simply don't understand why bother mining elsewhere. If you look at the 30 day chart, you see that NiceHash pays 1.5% more than Bitcoin mining. It is pay per share pool and it has 2% fee. That makes it -0.5% less than Bitcoin mining or in other words - as a 0.5% fee PPS pool. No other pool can survive this on long term. And I didn't consider the 10 fold payment increase that lasted whole week in december.

I don't even set p parameter. Because on long term, NiceHash pays more and additional pool switching just causes troubles with my antminers.

Whoever thinks that there are better paying pools out there should do the math and recalculate again.

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February 19, 2015, 04:42:49 AM
#72

I have been mining on this pool for months now and I must admin, no issues so far. Payments are regular.

I simply don't understand why bother mining elsewhere. If you look at the 30 day chart, you see that NiceHash pays 1.5% more than Bitcoin mining. It is pay per share pool and it has 2% fee. That makes it -0.5% less than Bitcoin mining or in other words - as a 0.5% fee PPS pool. No other pool can survive this on long term. And I didn't consider the 10 fold payment increase that lasted whole week in december.

I don't even set p parameter. Because on long term, NiceHash pays more and additional pool switching just causes troubles with my antminers.

Whoever thinks that there are better paying pools out there should do the math and recalculate again.
Since nicehash is actually a proxy pool, you are not mining directly on the actual upstream pool. You are assuming there is no hit to performance by doing this. I've been trying to help someone with a large farm debug why they take a massive reject hit which far more than offsets the fee at certain times on nicehash and the fact it's a proxy pool is the only valid explanation. I've seen it do some funky mining with restarts every 3 seconds - no mining hardware can work efficiently with that.

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February 19, 2015, 08:32:55 AM
#73

I have been mining on this pool for months now and I must admin, no issues so far. Payments are regular.

I simply don't understand why bother mining elsewhere. If you look at the 30 day chart, you see that NiceHash pays 1.5% more than Bitcoin mining. It is pay per share pool and it has 2% fee. That makes it -0.5% less than Bitcoin mining or in other words - as a 0.5% fee PPS pool. No other pool can survive this on long term. And I didn't consider the 10 fold payment increase that lasted whole week in december.

I don't even set p parameter. Because on long term, NiceHash pays more and additional pool switching just causes troubles with my antminers.

Whoever thinks that there are better paying pools out there should do the math and recalculate again.
Since nicehash is actually a proxy pool, you are not mining directly on the actual upstream pool. You are assuming there is no hit to performance by doing this. I've been trying to help someone with a large farm debug why they take a massive reject hit which far more than offsets the fee at certain times on nicehash and the fact it's a proxy pool is the only valid explanation. I've seen it do some funky mining with restarts every 3 seconds - no mining hardware can work efficiently with that.

Buyers of hashing power at NiceHash/WestHash are not only mining Bitcoin, they are also (sometimes) mining various other coins. Some of them are still at very low difficulty, switching jobs very fast, etc. Unfortunately manufacturers of ASIC miners are putting very weak controllers in their miners (saving a few $ in a machine, worth hundreds even thousands of $ Sad ) with non-optimized software and are thus unable to process large number of shares/jobs/work-restarts. A typical example was KnC Titan (not SHA256, but an Scrypt miner) which was only able to mine Litecoins until the controller software was properly optimized. Recent example of a SHA256 miner that is having a few issues with rejects is AntMiner S5, hopefully Bitmain will improve it soon. If manufacturers would put a multi-core Raspberry Pie 2 in their miners (with a good controller software - I'm not talking only about cgminer/bfgminer, but also drivers, etc. handling of low difficulty coins, switching jobs very fast, proper handling of flushwork, etc.) there would be no issues. For example, there are no issues with sgminer mining any GPU based coin, running on PC (which always has a decent CPU). Probably there is also room for improvement in cgminer itself for these issues.

Anyway, we are aware of these issues and we've implemented measures to mitigate these issues a long time ago. We are rewarding providers (sellers) with extra shares paid by buyers when fast work restarts happens. If you are a seller it is very important for you to monitor the average mid-term hashrate, reported on our website (it is calculated from shares, rewarded to your miner) and the actual earnings, not only the hashrate or accept/reject ratio that is displayed by your miner hardware/software, since in some cases you will be rewarded for more then your miner is showing you in terms of hashrate. Details are explained in this FAQ.

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February 19, 2015, 09:37:45 AM
#74

Buyers of hashing power at NiceHash/WestHash are not only mining Bitcoin, they are also (sometimes) mining various other coins. Some of them are still at very low difficulty, switching jobs very fast, etc. Unfortunately manufacturers of ASIC miners are putting very weak controllers in their miners (saving a few $ in a machine, worth hundreds even thousands of $ Sad ) with non-optimized software and are thus unable to process large number of shares/jobs/work-restarts. A typical example was KnC Titan (not SHA256, but an Scrypt miner) which was only able to mine Litecoins until the controller software was properly optimized. Recent example of a SHA256 miner that is having a few issues with rejects is AntMiner S5, hopefully Bitmain will improve it soon. If manufacturers would put a multi-core Raspberry Pie 2 in their miners (with a good controller software - I'm not talking only about cgminer/bfgminer, but also drivers, etc. handling of low difficulty coins, switching jobs very fast, proper handling of flushwork, etc.) there would be no issues. For example, there are no issues with sgminer mining any GPU based coin, running on PC (which always has a decent CPU). Probably there is also room for improvement in cgminer itself for these issues.
Scrypt miners have nothing to do with this, and I object to you blaming cgminer or the hardware for these issues. 3 second restarts will cause a loss of 10-15% of hashrate no matter how powerful the controller. You are mining shitcoins and miners are losing income as a result, thinking the bonuses will make up for it somehow.  Being aware of the issues and planning to tackle them is good but please choose your scapegoats wisely.

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February 19, 2015, 01:29:12 PM
#75

Buyers of hashing power at NiceHash/WestHash are not only mining Bitcoin, they are also (sometimes) mining various other coins. Some of them are still at very low difficulty, switching jobs very fast, etc. Unfortunately manufacturers of ASIC miners are putting very weak controllers in their miners (saving a few $ in a machine, worth hundreds even thousands of $ Sad ) with non-optimized software and are thus unable to process large number of shares/jobs/work-restarts. A typical example was KnC Titan (not SHA256, but an Scrypt miner) which was only able to mine Litecoins until the controller software was properly optimized. Recent example of a SHA256 miner that is having a few issues with rejects is AntMiner S5, hopefully Bitmain will improve it soon. If manufacturers would put a multi-core Raspberry Pie 2 in their miners (with a good controller software - I'm not talking only about cgminer/bfgminer, but also drivers, etc. handling of low difficulty coins, switching jobs very fast, proper handling of flushwork, etc.) there would be no issues. For example, there are no issues with sgminer mining any GPU based coin, running on PC (which always has a decent CPU). Probably there is also room for improvement in cgminer itself for these issues.
Scrypt miners have nothing to do with this, and I object to you blaming cgminer or the hardware for these issues. 3 second restarts will cause a loss of 10-15% of hashrate no matter how powerful the controller. You are mining shitcoins and miners are losing income as a result, thinking the bonuses will make up for it somehow.  Being aware of the issues and planning to tackle them is good but please choose your scapegoats wisely.

ckolivas, we respect you as a cgminer developer and overall contributor to Bitcoin community and we are not looking for any scapegoats here ... we're just trying to run a service where both - owners of the mining devices and those who are seeking for hashing power to rent - can benefit. We'll continue to work with hardware and software providers to make sure that various crypto coins (not all of them are shitcoins) will be mineable by various mining devices.

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February 19, 2015, 02:35:17 PM
#76

I have been mining on this pool for months now and I must admin, no issues so far. Payments are regular.

I simply don't understand why bother mining elsewhere. If you look at the 30 day chart, you see that NiceHash pays 1.5% more than Bitcoin mining. It is pay per share pool and it has 2% fee. That makes it -0.5% less than Bitcoin mining or in other words - as a 0.5% fee PPS pool. No other pool can survive this on long term. And I didn't consider the 10 fold payment increase that lasted whole week in december.

I don't even set p parameter. Because on long term, NiceHash pays more and additional pool switching just causes troubles with my antminers.

Whoever thinks that there are better paying pools out there should do the math and recalculate again.
Since nicehash is actually a proxy pool, you are not mining directly on the actual upstream pool. You are assuming there is no hit to performance by doing this. I've been trying to help someone with a large farm debug why they take a massive reject hit which far more than offsets the fee at certain times on nicehash and the fact it's a proxy pool is the only valid explanation. I've seen it do some funky mining with restarts every 3 seconds - no mining hardware can work efficiently with that.

It works for me just as advertised and shown on front page. Like I said before.

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February 19, 2015, 08:57:16 PM
#77

Buyers of hashing power at NiceHash/WestHash are not only mining Bitcoin, they are also (sometimes) mining various other coins. Some of them are still at very low difficulty, switching jobs very fast, etc. Unfortunately manufacturers of ASIC miners are putting very weak controllers in their miners (saving a few $ in a machine, worth hundreds even thousands of $ Sad ) with non-optimized software and are thus unable to process large number of shares/jobs/work-restarts. A typical example was KnC Titan (not SHA256, but an Scrypt miner) which was only able to mine Litecoins until the controller software was properly optimized. Recent example of a SHA256 miner that is having a few issues with rejects is AntMiner S5, hopefully Bitmain will improve it soon. If manufacturers would put a multi-core Raspberry Pie 2 in their miners (with a good controller software - I'm not talking only about cgminer/bfgminer, but also drivers, etc. handling of low difficulty coins, switching jobs very fast, proper handling of flushwork, etc.) there would be no issues. For example, there are no issues with sgminer mining any GPU based coin, running on PC (which always has a decent CPU). Probably there is also room for improvement in cgminer itself for these issues.
Scrypt miners have nothing to do with this, and I object to you blaming cgminer or the hardware for these issues. 3 second restarts will cause a loss of 10-15% of hashrate no matter how powerful the controller. You are mining shitcoins and miners are losing income as a result, thinking the bonuses will make up for it somehow.  Being aware of the issues and planning to tackle them is good but please choose your scapegoats wisely.

ckolivas, we respect you as a cgminer developer and overall contributor to Bitcoin community and we are not looking for any scapegoats here ... we're just trying to run a service where both - owners of the mining devices and those who are seeking for hashing power to rent - can benefit. We'll continue to work with hardware and software providers to make sure that various crypto coins (not all of them are shitcoins) will be mineable by various mining devices.
Your wording was clearly choosing a scapegoat ... since you claimed the hardware and miner were at fault but provided no details of why the hardware or the miner were at fault.

Mining just BTC works fine.

As soon as you add merged mining that prioritises the merged mined coin above the BTC mining, to either make "extra profit" for you, or "extra payout" for your clients, of those merge mined coins, the result is loss of shares on BTC.

3 second restarts means that the merged mined coins are getting priority over the BTC restarts and miners are losing BTC.
Sounds like a REALLY bad idea to me ...

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February 20, 2015, 05:14:19 AM
#78

I never cared much for coin hopping tech.   I use nicehash - westhash at  kano's pool, ck's pool and mmpool.  all are btc and I commit for 24, 48 ,72 hours or more of rented hash at those pools.

 Coin hopping  needs to be limited to 1 hop an hour (pick a number)  not 1 every 3  seconds.  

  Basically here is why.  If I sell a 'magic' miner with magic software and point it to a  pool that switches every 5 seconds the edge vanishes  as people adapt it.

 A lot like a 500gh miner is now a piece of shit too small.

Or a 1 watt per gh miner is now power hungry.

So I make a phillie willy miner.  it is primed to switch super fast.  I point it to west/nice hash multipool  with exotic  custom software that kano and ck have been paid to develop.

 And for 30 days or 60 days it stays ahead.  Then someone reverse engineers the software the miner and west-nice hashes switching multi pool you are back to square one.

Guess what happened to BTC  it got weakened by it all.

Just study what gaw-zen did to price of coins with it methods.  I have supported west-nice hash and still will but in this case I am not big with switching pools.

 I saw what zen-gaw did to LTC and other alts.  I also see zen-gaw's methods as a threat to btc.  Now Nice/west is not doing that the hash is online pointed at various pools but it dilutes btc and we need more to point at btc only.  

Or anyone coin not 100 different coins. There is not enough room for all the coins and pop up coins.

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February 21, 2015, 12:51:54 AM
#79

Nicehash and westhash are highway robbery there is no way you can make a profit it is all BS do the math.

 
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February 21, 2015, 09:07:21 AM
#80

Nicehash and westhash are highway robbery there is no way you can make a profit it is all BS do the math.

 

You are saying this from buyers point of view? Me, as a seller, I constantly make profit, small, due to high electricity cost, but more than mining direct Bitcoins.

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February 21, 2015, 12:05:11 PM
#81

Nicehash and westhash are highway robbery there is no way you can make a profit it is all BS do the math.

 

You are saying this from buyers point of view? Me, as a seller, I constantly make profit, small, due to high electricity cost, but more than mining direct Bitcoins.

I make a profit as well ... when the price is right.  Right now the price is wrong.  I'm not sure who would rent their rigs at 4% - 2% = 6% less than you'd get mining at a place like Eligius, where at minimum you make 99%, more if you configure your NMC.

Renters need to get their prices right...

M

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February 21, 2015, 05:25:53 PM
#82

Nicehash and westhash are highway robbery there is no way you can make a profit it is all BS do the math.

 

You are saying this from buyers point of view? Me, as a seller, I constantly make profit, small, due to high electricity cost, but more than mining direct Bitcoins.

I make a profit as well ... when the price is right.  Right now the price is wrong.  I'm not sure who would rent their rigs at 4% - 2% = 6% less than you'd get mining at a place like Eligius, where at minimum you make 99%, more if you configure your NMC.

Renters need to get their prices right...

M

Tried buying hash speed and renting my miners lost out both ways it all bs!

I will stay with Antpool pays much better and a lot less HW errors from all that coin switching which Nicehash keeps anyway as profit its all BS!


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February 22, 2015, 01:26:16 PM
#83

Odd, I have made lots of BTC both renting out and renting. You have to apply some math skills to decide when to do either, dog. If you lack these skills it is likely best that you stick with something simpler.

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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February 22, 2015, 02:19:22 PM
#84

Could somebody explain why I see difference in the payments between on Nicehash stats page and my own miners page?

The stats shows 0.119 but at my miners page 0.095.

 Huh

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February 23, 2015, 11:24:17 PM
#85

Buyers of hashing power at NiceHash/WestHash are not only mining Bitcoin, they are also (sometimes) mining various other coins. Some of them are still at very low difficulty, switching jobs very fast, etc. Unfortunately manufacturers of ASIC miners are putting very weak controllers in their miners (saving a few $ in a machine, worth hundreds even thousands of $ Sad ) with non-optimized software and are thus unable to process large number of shares/jobs/work-restarts. A typical example was KnC Titan (not SHA256, but an Scrypt miner) which was only able to mine Litecoins until the controller software was properly optimized. Recent example of a SHA256 miner that is having a few issues with rejects is AntMiner S5, hopefully Bitmain will improve it soon. If manufacturers would put a multi-core Raspberry Pie 2 in their miners (with a good controller software - I'm not talking only about cgminer/bfgminer, but also drivers, etc. handling of low difficulty coins, switching jobs very fast, proper handling of flushwork, etc.) there would be no issues. For example, there are no issues with sgminer mining any GPU based coin, running on PC (which always has a decent CPU). Probably there is also room for improvement in cgminer itself for these issues.
Scrypt miners have nothing to do with this, and I object to you blaming cgminer or the hardware for these issues. 3 second restarts will cause a loss of 10-15% of hashrate no matter how powerful the controller. You are mining shitcoins and miners are losing income as a result, thinking the bonuses will make up for it somehow.  Being aware of the issues and planning to tackle them is good but please choose your scapegoats wisely.

ckolivas, we respect you as a cgminer developer and overall contributor to Bitcoin community and we are not looking for any scapegoats here ... we're just trying to run a service where both - owners of the mining devices and those who are seeking for hashing power to rent - can benefit. We'll continue to work with hardware and software providers to make sure that various crypto coins (not all of them are shitcoins) will be mineable by various mining devices.
Your wording was clearly choosing a scapegoat ... since you claimed the hardware and miner were at fault but provided no details of why the hardware or the miner were at fault.

Mining just BTC works fine.

As soon as you add merged mining that prioritises the merged mined coin above the BTC mining, to either make "extra profit" for you, or "extra payout" for your clients, of those merge mined coins, the result is loss of shares on BTC.

3 second restarts means that the merged mined coins are getting priority over the BTC restarts and miners are losing BTC.
Sounds like a REALLY bad idea to me ...

That is why we reward miners for often job switches. On some orders, that purely perform constant job switching, miners are rewarded very good. Example:



This miner was getting paid more than what kind of speed it has. Of course, we are trying to set these rewards to be equal to full miners speed, but this is long process and a lot of testing will have to be done before we find optimal formula. Currently miners are paid a bit more than what they should be in events of massive job switching.

No matter if your miner gets rapped by massive amounts of new jobs, our system will reward it with extra virtual shares.
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March 07, 2015, 10:45:40 AM
#86

My miners are hashing good (1 TH each) but when I view the stats page they are only doing 800 GH/sec. And the speed rejected is like %2 to %4. When I've tried other pools I was always at at least 980-1TH/sec. Any idea what that could be? I'm just trying out this pool for the first time today.


Also, does the mining default to PPLNS?
And I put D=1024 in the password, but it still cranks it up to 4096 by itself.

I'm strictly mining BTC, nothing special. The title of this thread says "higher profits than difect mining BTC", where are those higher profits coming from and how long after you start mining there you will see that?

I'm pretty familiar with settings up my pools, but this one seems a little confusing. I'm just a little more concerned with why the difficulty is jumping way up to 4096 when I set it at 1024 in the password field to 1024 using "D=1024" from help from a previous post.

Also why my hashing speeds on my miners here at home are going full blast but when I check the westhash site I have high speed rejected stats. Unless I'm just not understanding this pool and it's setup.

Thanks.

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March 07, 2015, 03:49:26 PM
#87

The past higher profits left in thread title only..
About your other questions let us hope a pool op will come with an answer

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March 07, 2015, 05:41:40 PM
#88

My miners are hashing good (1 TH each) but when I view the stats page they are only doing 800 GH/sec. And the speed rejected is like %2 to %4. When I've tried other pools I was always at at least 980-1TH/sec. Any idea what that could be? I'm just trying out this pool for the first time today.


Also, does the mining default to PPLNS?
And I put D=1024 in the password, but it still cranks it up to 4096 by itself.

I'm strictly mining BTC, nothing special. The title of this thread says "higher profits than difect mining BTC", where are those higher profits coming from and how long after you start mining there you will see that?

I'm pretty familiar with settings up my pools, but this one seems a little confusing. I'm just a little more concerned with why the difficulty is jumping way up to 4096 when I set it at 1024 in the password field to 1024 using "D=1024" from help from a previous post.

Also why my hashing speeds on my miners here at home are going full blast but when I check the westhash site I have high speed rejected stats. Unless I'm just not understanding this pool and it's setup.

Thanks.

d=1024 is wrong  never use it.


use p= ?

p is for price you want to rent at.

So set it for p=0.0121  and you will skip the pool unless someone pays  that high .

one of my sp20e settings  so it looks at west and nice hash to see if I can sell high. right now I can't it goes to my third choice.

As an aside this ability to list more then 6 pools is on sp20e's and is very good for people using west and nice hash.

At no cost in hash or time it checks and skips west-nice hash until the time is right. then scoops in and gets  a high price automatically when it is available.

Basically if you have sp20e's and don't do a setup  like mine below you are throwing money away.



Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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March 07, 2015, 06:43:36 PM
#89

My miners are hashing good (1 TH each) but when I view the stats page they are only doing 800 GH/sec. And the speed rejected is like %2 to %4. When I've tried other pools I was always at at least 980-1TH/sec. Any idea what that could be? I'm just trying out this pool for the first time today.

AntMiner C1 is obviously having some issues, we'll try to provide an updated cgminer binary with extranonce.subscribe.

Also, does the mining default to PPLNS?

No, pure PPS.

I'm strictly mining BTC, nothing special. The title of this thread says "higher profits than difect mining BTC", where are those higher profits coming from and how long after you start mining there you will see that?

Our pool is a hash rate rental service and buyers of hashing power are willing to pay more for renting hashing power, that is why you are paid more then directly mining BTC.

I'm pretty familiar with settings up my pools, but this one seems a little confusing. I'm just a little more concerned with why the difficulty is jumping way up to 4096 when I set it at 1024 in the password field to 1024 using "D=1024" from help from a previous post.

Please take a look here: https://www.nicehash.com/index.jsp?p=faq#faqs9 and see the "Note:".

Also why my hashing speeds on my miners here at home are going full blast but when I check the westhash site I have high speed rejected stats. Unless I'm just not understanding this pool and it's setup.

Like I said, obviously C1s are having issues with our pool, we'll take a look at it.

The past higher profits left in thread title only..

Take a look at past 7 or 30 days at https://www.nicehash.com/index.jsp?p=stats, tab SHA256, it still pays more then directly mining BTC.

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March 07, 2015, 07:27:53 PM
#90

My miners are hashing good (1 TH each) but when I view the stats page they are only doing 800 GH/sec. And the speed rejected is like %2 to %4. When I've tried other pools I was always at at least 980-1TH/sec. Any idea what that could be? I'm just trying out this pool for the first time today.

AntMiner C1 is obviously having some issues, we'll try to provide an updated cgminer binary with extranonce.subscribe.

Also, does the mining default to PPLNS?

That would be great if I could update my cgminer. For now I have to switch off because of that. Just not reaching my miner's potential. And I've asked Bitmain to update the firmware too.

No, pure PPS.

I'm strictly mining BTC, nothing special. The title of this thread says "higher profits than difect mining BTC", where are those higher profits coming from and how long after you start mining there you will see that?

Our pool is a hash rate rental service and buyers of hashing power are willing to pay more for renting hashing power, that is why you are paid more then directly mining BTC.

I'm pretty familiar with settings up my pools, but this one seems a little confusing. I'm just a little more concerned with why the difficulty is jumping way up to 4096 when I set it at 1024 in the password field to 1024 using "D=1024" from help from a previous post.

Please take a look here: https://www.nicehash.com/index.jsp?p=faq#faqs9 and see the "Note:".

Ok, I'll take another look. It was late and I could of swore I saw to set the diff it was a D=. Thanks.

Also why my hashing speeds on my miners here at home are going full blast but when I check the westhash site I have high speed rejected stats. Unless I'm just not understanding this pool and it's setup.

Like I said, obviously C1s are having issues with our pool, we'll take a look at it.

The past higher profits left in thread title only..

Got it. And thanks for the info.




Take a look at past 7 or 30 days at https://www.nicehash.com/index.jsp?p=stats, tab SHA256, it still pays more then directly mining BTC.

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March 08, 2015, 09:28:22 AM
#91

There maybe other issues with the C1 miner on this proxy. I set it up so that my password was p=0.0117. Westhash was my first pool/proxy. Then I added my second pool. I reset my miners and they never started on the second pool, even though it indicated "live" in the status column. I think I have heard others talk about their rigs not jump down to the next pool. Any thoughts?

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March 08, 2015, 11:07:49 AM
#92

There maybe other issues with the C1 miner on this proxy. I set it up so that my password was p=0.0117. Westhash was my first pool/proxy. Then I added my second pool. I reset my miners and they never started on the second pool, even though it indicated "live" in the status column. I think I have heard others talk about their rigs not jump down to the next pool. Any thoughts?


My S5's jump down in and out of Westhash as my price is hit but I have had my S3's sometimes just get stuck after leaving Westhash and not failover to my next pool.
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March 08, 2015, 12:48:03 PM
#93

Any reason why I can't connect my miners to WestHash? Can't get SHA or Scrpyt to connect. The SHA rig works fine pointing to another pool. I've double checked all the URLs and everything; everything is fine. As a matter of fact, they were working fine for the past month... just today they magically decided to no longer connect.
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March 08, 2015, 05:28:17 PM
#94

Any reason why I can't connect my miners to WestHash? Can't get SHA or Scrpyt to connect. The SHA rig works fine pointing to another pool. I've double checked all the URLs and everything; everything is fine. As a matter of fact, they were working fine for the past month... just today they magically decided to no longer connect.
hmm... seems to be fixed now.
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March 08, 2015, 07:56:37 PM
#95

This is all I get with my C1's. And I did find an upgraded firmware that support #xnsub feature. I can connect to Westhash stratum just fine by itself, but if I put in a price in the password it doesn't jump to my second pool. Any ideas here?





EDIT:
I may be getting somewhere. I used P=.015 and it started to mine on Westhash. I'm a little lost on what price to set there, so what would be a good average price set there?

I also want to change it to a very high price to see if it drops down to my backup pool as well.

Apparently if I use an upper case P in the password field for the price it will just mine there no matter what the price. I tried using P=.50 which is of course is way high and my miner "should" have jumped to my backup pool buy it stayed hashing on Westhas stratum. Soon as I change that upper case P to a lower case p my C1 doesn't mine at all on Westhash or jump down to backup pool. Technical issues with the Antminer C1 apparently.


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March 09, 2015, 10:08:45 PM
#96

Apparently if I use an upper case P in the password field for the price it will just mine there no matter what the price. I tried using P=.50 which is of course is way high and my miner "should" have jumped to my backup pool buy it stayed hashing on Westhas stratum. Soon as I change that upper case P to a lower case p my C1 doesn't mine at all on Westhash or jump down to backup pool. Technical issues with the Antminer C1 apparently.

FYI I had the same problem with my S4.  I had to turn off the extranonce, otherwise it'd never failover to another pool when the price dropped.  I reported it in the S4 forums, and like most if not all Bitmain issues, it was ignored.

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March 12, 2015, 09:47:58 AM
#97

Apparently if I use an upper case P in the password field for the price it will just mine there no matter what the price. I tried using P=.50 which is of course is way high and my miner "should" have jumped to my backup pool buy it stayed hashing on Westhas stratum. Soon as I change that upper case P to a lower case p my C1 doesn't mine at all on Westhash or jump down to backup pool. Technical issues with the Antminer C1 apparently.

FYI I had the same problem with my S4.  I had to turn off the extranonce, otherwise it'd never failover to another pool when the price dropped.  I reported it in the S4 forums, and like most if not all Bitmain issues, it was ignored.

M

I have the same with all my S5-s.  Smiley

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March 12, 2015, 10:05:49 AM
#98

Apparently if I use an upper case P in the password field for the price it will just mine there no matter what the price. I tried using P=.50 which is of course is way high and my miner "should" have jumped to my backup pool buy it stayed hashing on Westhas stratum. Soon as I change that upper case P to a lower case p my C1 doesn't mine at all on Westhash or jump down to backup pool. Technical issues with the Antminer C1 apparently.

FYI I had the same problem with my S4.  I had to turn off the extranonce, otherwise it'd never failover to another pool when the price dropped.  I reported it in the S4 forums, and like most if not all Bitmain issues, it was ignored.

M

I have the same with all my S5-s.  Smiley

I wonder if its a firmware issue as my S5's work great but my S3's are a hit and miss as they most of the time failover but sometimes the get stuck and are not hashing anywhere.

ElGabo are you using a P or p? I have always used a lower case but after reading above I wonder if that is your problem?
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March 16, 2015, 08:59:19 PM
#99

Apparently if I use an upper case P in the password field for the price it will just mine there no matter what the price. I tried using P=.50 which is of course is way high and my miner "should" have jumped to my backup pool buy it stayed hashing on Westhas stratum. Soon as I change that upper case P to a lower case p my C1 doesn't mine at all on Westhash or jump down to backup pool. Technical issues with the Antminer C1 apparently.

FYI I had the same problem with my S4.  I had to turn off the extranonce, otherwise it'd never failover to another pool when the price dropped.  I reported it in the S4 forums, and like most if not all Bitmain issues, it was ignored.

M

I have the same with all my S5-s.  Smiley

I wonder if its a firmware issue as my S5's work great but my S3's are a hit and miss as they most of the time failover but sometimes the get stuck and are not hashing anywhere.

ElGabo are you using a P or p? I have always used a lower case but after reading above I wonder if that is your problem?

I'm using p. Will try out tomorrow with P.

My S5-s working fine if I don't use #xnsub.

My S3-s working good... (As far as I checked them.)

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March 17, 2015, 01:18:28 AM

This is a good pool but the only issue I have is that the "server requested stratum restart" is annoying because I am mining this at my apartment and the lights constantely flicker whenever it does this.

I think it happens when its switching jobs. The miner shut off momentarily and the power consumption goes down and up, and therefore inrush current. Kind of like what happens when the AC kicks on.

Sometimes it only happens once an hour because its mining BTC but it happens like every 5 minutes or so when its mining those altcoins.

But other than that I have no complaints, good reliable pool, great rates, and payments always on time.

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March 17, 2015, 05:15:34 AM

Where would you go to get a good price to input on the password line? I have an S5 that I want to try it out on. The C1's never worked with it at all unless I was mining %100 on Westhash.com.

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March 21, 2015, 12:54:51 AM

Where would you go to get a good price to input on the password line? I have an S5 that I want to try it out on. The C1's never worked with it at all unless I was mining %100 on Westhash.com.

I set it maybe 5-10% lower than the Coinwarz predicted return for 1 TH. The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee), so that is the price line you want to be above.

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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March 21, 2015, 01:00:41 AM

Where would you go to get a good price to input on the password line? I have an S5 that I want to try it out on. The C1's never worked with it at all unless I was mining %100 on Westhash.com.

I set it maybe 5-10% lower than the Coinwarz predicted return for 1 TH. The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee), so that is the price line you want to be above.
Those numbers are rubbish.

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March 22, 2015, 01:43:53 PM

Where would you go to get a good price to input on the password line? I have an S5 that I want to try it out on. The C1's never worked with it at all unless I was mining %100 on Westhash.com.

I set it maybe 5-10% lower than the Coinwarz predicted return for 1 TH. The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee), so that is the price line you want to be above.
Those numbers are rubbish.

Please explain. Are you saying there are pools that average over 95% of predicted payout? Please enlighten all of us about these pools. Where are they hiding?

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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March 23, 2015, 12:25:29 AM

Where would you go to get a good price to input on the password line? I have an S5 that I want to try it out on. The C1's never worked with it at all unless I was mining %100 on Westhash.com.

I set it maybe 5-10% lower than the Coinwarz predicted return for 1 TH. The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee), so that is the price line you want to be above.
Those numbers are rubbish.

Please explain. Are you saying there are pools that average over 95% of predicted payout? Please enlighten all of us about these pools. Where are they hiding?
Well your comment says "The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee)"

So either "most" means something else in your world or ... you're delusional.

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March 23, 2015, 01:30:48 AM

Where would you go to get a good price to input on the password line? I have an S5 that I want to try it out on. The C1's never worked with it at all unless I was mining %100 on Westhash.com.

I set it maybe 5-10% lower than the Coinwarz predicted return for 1 TH. The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee), so that is the price line you want to be above.
Those numbers are rubbish.

Please explain. Are you saying there are pools that average over 95% of predicted payout? Please enlighten all of us about these pools. Where are they hiding?
Well your comment says "The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee)"

So either "most" means something else in your world or ... you're delusional.

Excuse me, but you failed to explain anything. I can assure you that I am anything but delusional, and I take offense at your crass, unwarranted, and unsubstantiated insult.  You said my numbers are rubbish, and I asked you to explain. Do you intend to do explain why you think my numbers are rubbish, or just hurl insults instead of explaining yourself?

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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March 23, 2015, 01:38:02 AM

Where would you go to get a good price to input on the password line? I have an S5 that I want to try it out on. The C1's never worked with it at all unless I was mining %100 on Westhash.com.

I set it maybe 5-10% lower than the Coinwarz predicted return for 1 TH. The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee), so that is the price line you want to be above.
Those numbers are rubbish.

Please explain. Are you saying there are pools that average over 95% of predicted payout? Please enlighten all of us about these pools. Where are they hiding?
Well your comment says "The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee)"

So either "most" means something else in your world or ... you're delusional.

Excuse me, but you failed to explain anything. I can assure you that I am anything but delusional, and I take offense at your crass, unwarranted, and unsubstantiated insult.  You said my numbers are rubbish, and I asked you to explain. Do you intend to do explain why you think my numbers are rubbish, or just hurl insults instead of explaining yourself?
Well you've made a completely unable to be substantiated claim that most pools pay 85% to 90% ... so you should be able to find a lot that do that since you said most.
Name this list of "most" pools.
I'm curious about them all - I seem to have never heard of "MOST" of them.
I'm having difficulty finding even a few ...

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March 23, 2015, 02:51:44 AM

Where would you go to get a good price to input on the password line? I have an S5 that I want to try it out on. The C1's never worked with it at all unless I was mining %100 on Westhash.com.

I set it maybe 5-10% lower than the Coinwarz predicted return for 1 TH. The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee), so that is the price line you want to be above.
Those numbers are rubbish.

Please explain. Are you saying there are pools that average over 95% of predicted payout? Please enlighten all of us about these pools. Where are they hiding?
Well your comment says "The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee)"

So either "most" means something else in your world or ... you're delusional.

Excuse me, but you failed to explain anything. I can assure you that I am anything but delusional, and I take offense at your crass, unwarranted, and unsubstantiated insult.  You said my numbers are rubbish, and I asked you to explain. Do you intend to do explain why you think my numbers are rubbish, or just hurl insults instead of explaining yourself?
Well you've made a completely unable to be substantiated claim that most pools pay 85% to 90% ... so you should be able to find a lot that do that since you said most.
Name this list of "most" pools.
I'm curious about them all - I seem to have never heard of "MOST" of them.
I'm having difficulty finding even a few ...

I will repeat this again. You said my numbers were rubbish.  Please explain your statement accusing me of stating rubbish or retract it and apologize.  The numbers I quoted are from my experience, if you want to refute them, then by all means do so and please provide proof and explain to me (and all of us), otherwise. I ask that you refrain from insulting me and keep these random insults to yourself.  I am quite honestly shocked that someone of your supposed stature in this community would go around making such a statement and then refuse to explain what you mean.

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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March 23, 2015, 04:13:57 AM

...
I will repeat this again. You said my numbers were rubbish.  Please explain your statement accusing me of stating rubbish or retract it and apologize.  The numbers I quoted are from my experience, if you want to refute them, then by all means do so and please provide proof and explain to me (and all of us), otherwise. I ask that you refrain from insulting me and keep these random insults to yourself.  I am quite honestly shocked that someone of your supposed stature in this community would go around making such a statement and then refuse to explain what you mean.
Above 95% kano.is, btcguild, BAN, p2pool, slush, bitminter
Not sure about eligius, discus fish or antpool but they would be above 90% at least.

Most pools I know of charge less than 5% fees and thus most of those pools are above 95%

And here I'll make it easy for you to actually look at some reliable statistics, rather than random ignorant hearsay.
https://bitcointalk.org/index.php?topic=77000.0
I'll leave it to you to try work out how to click on the links on that page and work out how to make sense of it, if you can.

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March 23, 2015, 09:45:14 AM

You seriously need to get rid of the ability for people to do unlimited orders. People are fucking dickbags and jump in and eat up all of the hashing power when people have had a steady stream of hashing power for hours and then they get abruptly cut off because of fucking assholes. Cap it a 1/3 of the total speed available.


And don't tell me to increase my bid... if that's your answer, you're losing my business for ever.

Getting rid of this is pointless.

Buyers can place multiple orders. If we cap each order at 1/3 of max, then whoever wants to take all hashpower can simply create 3 orders with same price. If we limit number of orders per customer, then customer may use multiple accounts. If we limit customers by IP, then customers may use VPNs or proxies.

I hope you understand that now. We have always leaned towards free market - no limitations. If you want to get guaranteed hashing power, we recommend you to place fixed order.

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March 23, 2015, 12:01:23 PM

...
I will repeat this again. You said my numbers were rubbish.  Please explain your statement accusing me of stating rubbish or retract it and apologize.  The numbers I quoted are from my experience, if you want to refute them, then by all means do so and please provide proof and explain to me (and all of us), otherwise. I ask that you refrain from insulting me and keep these random insults to yourself.  I am quite honestly shocked that someone of your supposed stature in this community would go around making such a statement and then refuse to explain what you mean.
Above 95% kano.is, btcguild, BAN, p2pool, slush, bitminter
Not sure about eligius, discus fish or antpool but they would be above 90% at least.

Most pools I know of charge less than 5% fees and thus most of those pools are above 95%

And here I'll make it easy for you to actually look at some reliable statistics, rather than random ignorant hearsay.
https://bitcointalk.org/index.php?topic=77000.0
I'll leave it to you to try work out how to click on the links on that page and work out how to make sense of it, if you can.

Kano I think DFish would be in that group as well seeing they pay PPS and only charge a 4% fee which should put them at 96%
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March 23, 2015, 02:06:15 PM

...
I will repeat this again. You said my numbers were rubbish.  Please explain your statement accusing me of stating rubbish or retract it and apologize.  The numbers I quoted are from my experience, if you want to refute them, then by all means do so and please provide proof and explain to me (and all of us), otherwise. I ask that you refrain from insulting me and keep these random insults to yourself.  I am quite honestly shocked that someone of your supposed stature in this community would go around making such a statement and then refuse to explain what you mean.
Above 95% kano.is, btcguild, BAN, p2pool, slush, bitminter
Not sure about eligius, discus fish or antpool but they would be above 90% at least.

Most pools I know of charge less than 5% fees and thus most of those pools are above 95%

And here I'll make it easy for you to actually look at some reliable statistics, rather than random ignorant hearsay.
https://bitcointalk.org/index.php?topic=77000.0
I'll leave it to you to try work out how to click on the links on that page and work out how to make sense of it, if you can.

I very clearly stated that I was talking about the actual payout as a percentage of the predicted payout per THs. I have no idea what you are talking about, but it clearly has nothing to do with what I stated. As an example, here is a screen I just took from Slush:



This month Slush has paid 87% of predicted payout minus 2% fees. My math says that is 85%. You are free to believe 87=100 I guess, but please stop making bullshit accusations against me when you are clearly and provably wrong. I am not sure exactly what your agenda is here, apparently you have some beef with Nicehash and just ended up randomly attacking me because I posted here.

Edit to add: Here is my original post answering a question about what is a good price point to choose for renting out your rigs on Nicehash, and I was kind enough to share my thoughts on the matter based on direct experience.

Where would you go to get a good price to input on the password line? I have an S5 that I want to try it out on. The C1's never worked with it at all unless I was mining %100 on Westhash.com.

I set it maybe 5-10% lower than the Coinwarz predicted return for 1 TH. The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee), so that is the price line you want to be above.

My post is actually spot on. Antpool has been averaging ~95% of predicted payout over a month period, and that is the best pool that I am personally aware of right now. Again, if you are aware of a pool that is paying higher than that, then please enlighten all of us so we can go there as well.

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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March 23, 2015, 02:33:03 PM

You seriously need to get rid of the ability for people to do unlimited orders. People are fucking dickbags and jump in and eat up all of the hashing power when people have had a steady stream of hashing power for hours and then they get abruptly cut off because of fucking assholes. Cap it a 1/3 of the total speed available.


And don't tell me to increase my bid... if that's your answer, you're losing my business for ever.

Getting rid of this is pointless.

Buyers can place multiple orders. If we cap each order at 1/3 of max, then whoever wants to take all hashpower can simply create 3 orders with same price. If we limit number of orders per customer, then customer may use multiple accounts. If we limit customers by IP, then customers may use VPNs or proxies.

I hope you understand that now. We have always leaned towards free market - no limitations. If you want to get guaranteed hashing power, we recommend you to place fixed order.

Cool you lost my business. So you can go fuck yourselves. You fucking dumbasses.... you just bought yourself a competitor I'll be launching within 8 months.
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March 23, 2015, 03:37:22 PM

...
I will repeat this again. You said my numbers were rubbish.  Please explain your statement accusing me of stating rubbish or retract it and apologize.  The numbers I quoted are from my experience, if you want to refute them, then by all means do so and please provide proof and explain to me (and all of us), otherwise. I ask that you refrain from insulting me and keep these random insults to yourself.  I am quite honestly shocked that someone of your supposed stature in this community would go around making such a statement and then refuse to explain what you mean.
Above 95% kano.is, btcguild, BAN, p2pool, slush, bitminter
Not sure about eligius, discus fish or antpool but they would be above 90% at least.

Most pools I know of charge less than 5% fees and thus most of those pools are above 95%

And here I'll make it easy for you to actually look at some reliable statistics, rather than random ignorant hearsay.
https://bitcointalk.org/index.php?topic=77000.0
I'll leave it to you to try work out how to click on the links on that page and work out how to make sense of it, if you can.

I very clearly stated that I was talking about the actual payout as a percentage of the predicted payout per THs. I have no idea what you are talking about, but it clearly has nothing to do with what I stated. As an example, here is a screen I just took from Slush:



This month Slush has paid 87% of predicted payout minus 2% fees. My math says that is 85%. You are free to believe 87=100 I guess, but please stop making bullshit accusations against me when you are clearly and provably wrong. I am not sure exactly what your agenda is here, apparently you have some beef with Nicehash and just ended up randomly attacking me because I posted here.

Edit to add: Here is my original post answering a question about what is a good price point to choose for renting out your rigs on Nicehash, and I was kind enough to share my thoughts on the matter based on direct experience.

Where would you go to get a good price to input on the password line? I have an S5 that I want to try it out on. The C1's never worked with it at all unless I was mining %100 on Westhash.com.

I set it maybe 5-10% lower than the Coinwarz predicted return for 1 TH. The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee), so that is the price line you want to be above.

My post is actually spot on. Antpool has been averaging ~95% of predicted payout over a month period, and that is the best pool that I am personally aware of right now. Again, if you are aware of a pool that is paying higher than that, then please enlighten all of us so we can go there as well.

kano.is is at 105.21% (http://kano.is/index.php?k=blocks) over expected results over the last 195 blocks since the inception of the pool with a .9% fee.  This is the pool Kano runs. 

As a side note, you sound like a complete jerk, I hope you're nicer in conversations in the real world.
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March 23, 2015, 03:42:24 PM

Then why did he not simply say that instead of spouting a bunch of easily proven false non-sense and attacking me personally? I offered help to a fellow miner and was attacked by Kano for doing so. If that is what you call being a jerk you and I are not using the same dictionary.

P.S: I will let you know when I start valuing the opinion of someone who is farming an account so that it can be sold and used to shill the next new shitcoin scam, uhmkay?

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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March 23, 2015, 03:58:13 PM

Then why did he not simply say that instead of spouting a bunch of easily proven false non-sense and attacking me personally? I offered help to a fellow miner and was attacked by Kano for doing so. If that is what you call being a jerk you and I are not using the same dictionary.

P.S: I will let you know when I start valuing the opinion of someone who is farming an account so that it can be sold and used to shill the next new shitcoin scam, uhmkay?

edit: you aren't worth it.
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March 23, 2015, 11:09:20 PM

...
I will repeat this again. You said my numbers were rubbish.  Please explain your statement accusing me of stating rubbish or retract it and apologize.  The numbers I quoted are from my experience, if you want to refute them, then by all means do so and please provide proof and explain to me (and all of us), otherwise. I ask that you refrain from insulting me and keep these random insults to yourself.  I am quite honestly shocked that someone of your supposed stature in this community would go around making such a statement and then refuse to explain what you mean.
Above 95% kano.is, btcguild, BAN, p2pool, slush, bitminter
Not sure about eligius, discus fish or antpool but they would be above 90% at least.

Most pools I know of charge less than 5% fees and thus most of those pools are above 95%

And here I'll make it easy for you to actually look at some reliable statistics, rather than random ignorant hearsay.
https://bitcointalk.org/index.php?topic=77000.0
I'll leave it to you to try work out how to click on the links on that page and work out how to make sense of it, if you can.

I very clearly stated that I was talking about the actual payout as a percentage of the predicted payout per THs. I have no idea what you are talking about, but it clearly has nothing to do with what I stated. As an example, here is a screen I just took from Slush:

http://i.imgur.com/oMY5QmE.jpg

This month Slush has paid 87% of predicted payout minus 2% fees. My math says that is 85%. You are free to believe 87=100 I guess, but please stop making bullshit accusations against me when you are clearly and provably wrong. I am not sure exactly what your agenda is here, apparently you have some beef with Nicehash and just ended up randomly attacking me because I posted here.

Edit to add: Here is my original post answering a question about what is a good price point to choose for renting out your rigs on Nicehash, and I was kind enough to share my thoughts on the matter based on direct experience.

Where would you go to get a good price to input on the password line? I have an S5 that I want to try it out on. The C1's never worked with it at all unless I was mining %100 on Westhash.com.

I set it maybe 5-10% lower than the Coinwarz predicted return for 1 TH. The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee), so that is the price line you want to be above.

My post is actually spot on. Antpool has been averaging ~95% of predicted payout over a month period, and that is the best pool that I am personally aware of right now. Again, if you are aware of a pool that is paying higher than that, then please enlighten all of us so we can go there as well.
OK, you don't understand what that screen means.
I get that now. You are talking about luck. Oddly enough, luck is out of any pool's control and changes all the time.
It goes up and goes down.

If a pool pays PPS then luck has no immediate effect on what you are paid ... other than a higher fee.
(or without a higher fee, the pool is at risk of running out of BTC to pay you and eventually going broke)

If a pool pays PPLNS then luck decides your daily payouts.

If a pool pays anything else, run away.
Slush also has a rather nasty catch - if you stop mining for a short while before a block is found, you can lose ALL your payout in that block.

So back onto PPLNS:
If you take the luck into consideration when deciding about mining at a pool, then you will be chasing luck ... which of course doesn't work, and is also purely ignorant of one of the most central things to understand about block finding.
You can't predict a pool's luck in advance no matter how many life prediction phone services you call ...

Most pools are only a small % of the network, so statistics states quite clearly that you'd need many months of data to be able to compare the luck.
But even then, the comparison wouldn't be definitive.
It's simplest to say that the luck should even out over time - and unless the pool is untrustworthy and steals BTC from the miners - then indeed over time the pool is expected, on average, to payout the expected BTC less the fee.

Also, you don't need to visit a web site to work out what the expected BTC payout is per day, you can work it out yourself to be sure it is correct.
Current Network Diff is the only number you need to look up and that you can get from your own bitcoin at home - which you SHOULD be running Smiley
On the comand line: bitcoin-cli getinfo
In bitcoin-qt: Menu go to Help->Debug window, click on the Console tab, type "getinfo<return>" and it says "difficulty"

"difficulty" : 46717549644.70642090,

Call that 'D' and lets say you have 'T' total THs

Your expected PPS, 0% fee, BTC per day is: T * 24 * 60 * 60 * 25 * 10^12 / D * 2^32 ... or ... ~ 5.03*10^8 * T / D
So at the moment 1THs would have an expect average of ~0.010765... BTC a day

... and in case you were wondering where ~5.03*10^8 comes from ...
24*60*60 = the number of seconds in a day
2^32 = the number of hashes in 1 difficulty
10^12 = the number of hashes in 1TH

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March 23, 2015, 11:15:01 PM

What the fuck ever, Kano. My numbers are in fact correct when calculating what you will actually get paid when you compare that to the predicted payout. That is precisely what the poster was asking when I answered his question. Why you get paid a certain amount on different pools was not being discussed and you are just trying to obfuscate things by introducing strawman arguments.

 You should have just told me that you were running a pool and you were here to try to drive people away from here to your pool, it would have saved a lot of keystrokes.

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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March 23, 2015, 11:36:07 PM

Full moon tonight?
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March 24, 2015, 12:17:07 AM

What the fuck ever, Kano. My numbers are in fact correct when calculating what you will actually get paid when you compare that to the predicted payout. That is precisely what the poster was asking when I answered his question. Why you get paid a certain amount on different pools was not being discussed and you are just trying to obfuscate things by introducing strawman arguments.

 You should have just told me that you were running a pool and you were here to try to drive people away from here to your pool, it would have saved a lot of keystrokes.
LOL - seriously, learn a bit about pools and payouts, so you can avoid giving incorrect advice to people.

Edit: and your reply above is a lie that you even missed that point that you yourself said "most" pools:
...
I set it maybe 5-10% lower than the Coinwarz predicted return for 1 TH. The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee), so that is the price line you want to be above.
... "most" is why I replied in the first place if you actually bothered to read any of my replies ...

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March 24, 2015, 12:27:31 PM

Kano: The question posed by another member that I replied to was not asking about why pools have a certain rate of return compared to the predicted payout at a certain difficulty. He was asking what the best price point to rent his miners at here was and I told him, and those numbers are accurate. You said they were rubbish, and they are not. The best way to utilize Nicehash is to set your miner's password right at what the average payout of your failover pool is. As an example, Slush. Slush paid out 85% of the predicted yield last month.  You have gone on at length trying to explain why this is so (luck) , and that is simply not relevant. The fact is that miners on Slush were paid 85% of the predicted payout, therefore, if you want to maximize profits the best strategy for using Nicehash to do so is to set the price cutoff at the expected payout of your failover pool. That way , when bids that will pay higher than your failover pool are available you will get paid higher than you otherwise would. By the way, I actually understand the math behind calculating luck just fine, so your lengthy dissertation on this topic which was irrelevant to the question posed was wasted on me.

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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March 24, 2015, 12:49:39 PM

Kano: The question posed by another member that I replied to was not asking about why pools have a certain rate of return compared to the predicted payout at a certain difficulty. He was asking what the best price point to rent his miners at here was and I told him, and those numbers are accurate. You said they were rubbish, and they are not. The best way to utilize Nicehash is to set your miner's password right at what the average payout of your failover pool is. As an example, Slush. Slush paid out 85% of the predicted yield last month.  You have gone on at length trying to explain why this is so (luck) , and that is simply not relevant. The fact is that miners on Slush were paid 85% of the predicted payout, therefore, if you want to maximize profits the best strategy for using Nicehash to do so is to set the price cutoff at the expected payout of your failover pool. That way , when bids that will pay higher than your failover pool are available you will get paid higher than you otherwise would. By the way, I actually understand the math behind calculating luck just fine, so your lengthy dissertation on this topic which was irrelevant to the question posed was wasted on me.
Still trying to back out on what you said - lol.

Yet again I say go read my first 2 replies.
They are replies to the fact that you said something that was complete bullshit.
You said MOST pools are 85% to 90%
That is complete bullshit.

I would also actually point out that your suggested price cut off is also wrong.
Hopefully no one takes any notice of that crap from you and loses BTC because of it.

Now the last and most relevant point:
You are now quite explicitly saying that since Slush's luck for the past month produce an 85% payout for whatever that account was with the crappy payout, then all account on Slush will get that crappy 85% payout in the future.
That is just pure stupid lack of understanding mining.

I'd very much doubt anyone else would be stupid enough to not understand the facts I've stated and hopefully no one would be stupid enough to listen to you who wont back out when you screwed up and said something that is wrong.

I still have actually no idea where you could even come up with that rubbish stating that most pools are 85% to 90%.
You haven't anywhere backed up that statement with facts whatsoever. Cos there are none.

My first post on the subject still stands - those numbers are rubbish.

End of story. I've wasted too much time on this.

Edit: slush found 10 blocks in 12 hours today ... I rest my case.

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March 24, 2015, 03:53:16 PM

My numbers are in fact correct when calculating what you will actually get paid when you compare that to the predicted payout.

Sorry, but the numbers aren't correct (in this context). If you take luck as a measurement you can only say what happened in the past. Pool luck is not a constant thing. It's going up and down all the time and there is no way in predicting the future luck.

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March 24, 2015, 07:00:22 PM

My numbers are in fact correct when calculating what you will actually get paid when you compare that to the predicted payout.

Sorry, but the numbers aren't correct (in this context). If you take luck as a measurement you can only say what happened in the past. Pool luck is not a constant thing. It's going up and down all the time and there is no way in predicting the future luck.



The best you can do is use the current rate of payout. Ancient history does not matter, but current luck, or lack thereof, is the only thing you can use. You are quite free to not look at current rates when choosing what pool to use, by all means, please go right ahead and use the one that is currently paying the least, be it due to luck or skimming or whatever.

P.S: In the future I will try not to share what works for me based on direct experience, I can see how well that works here when you have people trying to promote their own pools attacking you. I can however assure anyone who actually cares about getting the maximum return from their miners that my rates of payout using exactly the method described in that post are well above any of the pools I have personally tried on their own. Have a nice day, and by all means, Kano, continue attacking Nicehash in an effort to drive miners to your pool, that is pure class, bro!

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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March 24, 2015, 11:25:19 PM

My numbers are in fact correct when calculating what you will actually get paid when you compare that to the predicted payout.

Sorry, but the numbers aren't correct (in this context). If you take luck as a measurement you can only say what happened in the past. Pool luck is not a constant thing. It's going up and down all the time and there is no way in predicting the future luck.



The best you can do is use the current rate of payout. Ancient history does not matter, but current luck, or lack thereof, is the only thing you can use. You are quite free to not look at current rates when choosing what pool to use, by all means, please go right ahead and use the one that is currently paying the least, be it due to luck or skimming or whatever.

P.S: In the future I will try not to share what works for me based on direct experience, I can see how well that works here when you have people trying to promote their own pools attacking you. I can however assure anyone who actually cares about getting the maximum return from their miners that my rates of payout using exactly the method described in that post are well above any of the pools I have personally tried on their own. Have a nice day, and by all means, Kano, continue attacking Nicehash in an effort to drive miners to your pool, that is pure class, bro!
Sigh, and I was hoping to not have to post any more.
But I wont stand for you posting lies about me.
Funny how instead of admitting you are wrong, you instead add more lies.

Nowhere have I attacked NiceHash in anything I've said, unless you are NiceHash?
Would the thread OP like to verify that indeed this fool is not NiceHash?
Pointing out the stupidity of listening to you is a good service to NiceHash customers.

Again stating that you think current pool luck will determine future pool luck.

And finally a rather important thing to understand from statistics (that no doubt you wont understand)
Sample vs Population

You are quite literally saying the same as:
I rolled a dice 18 times and got 4 threes.
Everyone else will roll 4 threes if they roll a dice 18 times.

Now lets see if you can see understand how stupid that is Smiley
Not sure if you can.
But if you do, then maybe you'll even realise you've said the equivalent of that repeatedly.

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March 24, 2015, 11:33:15 PM

Where would you go to get a good price to input on the password line? I have an S5 that I want to try it out on. The C1's never worked with it at all unless I was mining %100 on Westhash.com.

I set it maybe 5-10% lower than the Coinwarz predicted return for 1 TH. The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee), so that is the price line you want to be above.

dude you set over not under the bitcoinwisdom prediction.  you do it to  help prevent excessive switching.   

for now 0.01078   is 1 th a day.

 so do 0.0120  as in p = 0.0120

then use

 f2pool
kano's pool
or ban as second choice

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March 25, 2015, 01:23:52 AM

Where would you go to get a good price to input on the password line? I have an S5 that I want to try it out on. The C1's never worked with it at all unless I was mining %100 on Westhash.com.

I set it maybe 5-10% lower than the Coinwarz predicted return for 1 TH. The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee), so that is the price line you want to be above.

dude you set over not under the bitcoinwisdom prediction.  you do it to  help prevent excessive switching.   

for now 0.01078   is 1 th a day.

 so do 0.0120  as in p = 0.0120

then use

 f2pool
kano's pool
or ban as second choice

I would no longer recommend BAN as a pool. Their payouts are getting worse. My payout is late going on 60+ hours. They are behind on over 100BTC in payments with all their blocks confirmed as they state on their pools website.

Our combined oustanding balance in queue to be paid is 115.34408460 Bitcoin.
There are 0 mined blocks waiting to mature, totalling 0 Bitcoin
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March 25, 2015, 01:57:27 AM

I would no longer recommend BAN as a pool.

Completely agree. Dodgy pool run by a scammer.

I wouldn't touch BAN with a shitty stick  Cheesy

-- Smiley  Thank you for smoking  Smiley --  If you paid VAT to dogie for items you should read this thread:  https://bitcointalk.org/index.php?topic=1018906.0
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March 25, 2015, 01:16:25 PM

Where would you go to get a good price to input on the password line? I have an S5 that I want to try it out on. The C1's never worked with it at all unless I was mining %100 on Westhash.com.

I set it maybe 5-10% lower than the Coinwarz predicted return for 1 TH. The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee), so that is the price line you want to be above.

dude you set over not under the bitcoinwisdom prediction.  you do it to  help prevent excessive switching.   

for now 0.01078   is 1 th a day.

 so do 0.0120  as in p = 0.0120

then use

 f2pool
kano's pool
or ban as second choice

Not if you want to maximize the potential of Nicehash. First off, you need to decide if you want to beat the average pool payout, or pretend that all pools pay 100%, as Kano suggested. A realistic average for pool payout (yes, I understand why, but thanks for flooding the thread with luck explanations Roll Eyes ) is ~90% (some slightly more, some less) of that .01078, so ~.009 is what you will likely average from a pool over a month period. Then you need to factor in the time lost due to switching pools if you set at a higher rate compared to setting it right around or even slightly lower than that .009, and more importantly, the higher paying bids you will miss out on if you switch over too often. I have tried higher, same, slightly lower and no price cutoff using Nicehash/Westhash, and the best long term yield is setting it right near what your failover pool averages. You are of course quite free to choose your own method and ignore all of what I say, please do, I will certainly enjoy being able to scoop up more of the high bids for myself.

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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March 31, 2015, 01:02:13 PM

For past few days, NiceHash/WestHash has been paying several percents above ideal 100% luck Bitcoin mining. We suggest you to join mining now until this high price lasts!

NiceHash.com - Largest Crypto-Mining Marketplace
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March 31, 2015, 01:42:46 PM

... or pretend that all pools pay 100%, as Kano suggested. A realistic average for pool payout (yes, I understand why, but thanks for flooding the thread with luck explanations Roll Eyes ) is ~90% (some slightly more, some less) of that .01078, so ~.009 is what you will likely average from a pool over a month period.
...
Lulz more crap being spouted by this fool.
Nowhere did I say all pools pay 100%.

Yep guess what, you have to subtract pool fees and expected orphans.
I wonder if you know what subtraction is though, I better give you a link: http://en.wikipedia.org/wiki/Subtraction

And yet again with the "Expected pool average payout is 90%" - lulz you're so ignorant.

Heh, luck since my pool started has totalled almost 105% and the last 10 block luck has been almost 107% (last 5 is currently 166% luck)

Hey maybe you should point out how the OP post above is also wrong suggesting people set it above 100% - not 90% as you keep telling anyone stupid enough to take any notice of you (though I doubt anyone is that stupid)

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March 31, 2015, 02:44:09 PM

My numbers are in fact correct when calculating what you will actually get paid when you compare that to the predicted payout.

Sorry, but the numbers aren't correct (in this context). If you take luck as a measurement you can only say what happened in the past. Pool luck is not a constant thing. It's going up and down all the time and there is no way in predicting the future luck.

The best you can do is use the current rate of payout. Ancient history does not matter, but current luck, or lack thereof, is the only thing you can use. You are quite free to not look at current rates when choosing what pool to use, by all means, please go right ahead and use the one that is currently paying the least, be it due to luck or skimming or whatever.

im going to step in here because the last two pages of this thread are just getting silly.

1) not sure why you keep attacking kano directly. its unneccessary, and makes you look like an ass (same goes for kano responding in a similar manor)
2) LUCK: "success or failure apparently brought by chance rather than through one's own actions"  //OR//   "chance to find or acquire"
-luck (or 'varience') is unpredictable, and always changing. A pool can have 85% payouts one week and 110% payouts the next. The priciple is that over a sufficienctly long period of time (months or years) the overall payout should be 100% (+/- a few %)
3) as such, the luck you see TODAY is not what you will see TOMORROW. It changes. basic probability and statistics says so.

4) why would you put less than the going BTC/TH/day into nicehash calculations? The best method for nicehash is to set it ~3% higher than the "typical/predicted" payout of other pools, so that your miner switches only when it is sufficiently profitable.

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March 31, 2015, 02:53:53 PM

My numbers are in fact correct when calculating what you will actually get paid when you compare that to the predicted payout.

Sorry, but the numbers aren't correct (in this context). If you take luck as a measurement you can only say what happened in the past. Pool luck is not a constant thing. It's going up and down all the time and there is no way in predicting the future luck.

The best you can do is use the current rate of payout. Ancient history does not matter, but current luck, or lack thereof, is the only thing you can use. You are quite free to not look at current rates when choosing what pool to use, by all means, please go right ahead and use the one that is currently paying the least, be it due to luck or skimming or whatever.

im going to step in here because the last two pages of this thread are just getting silly.

1) not sure why you keep attacking kano directly. its unneccessary, and makes you look like an ass (same goes for kano responding in a similar manor)
2) LUCK: "success or failure apparently brought by chance rather than through one's own actions"  //OR//   "chance to find or acquire"
-luck (or 'varience') is unpredictable, and always changing. A pool can have 85% payouts one week and 110% payouts the next. The priciple is that over a sufficienctly long period of time (months or years) the overall payout should be 100% (+/- a few %)
3) as such, the luck you see TODAY is not what you will see TOMORROW. It changes. basic probability and statistics says so.

4) why would you put less than the going BTC/TH/day into nicehash calculations? The best method for nicehash is to set it ~3% higher than the "typical/predicted" payout of other pools, so that your miner switches only when it is sufficiently profitable.

I have mine set a bit higher because I have had problems a couple of times with miners failing back over to my other pools and for the risk of that happening again I want to only rent if it's worth my while. And in case we get another run like the PayCoin I don't want to miss it.
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April 04, 2015, 03:27:44 AM

Past 7 days almost 5% higher profit than ideal 100% luck bitcoin mining!

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April 05, 2015, 07:39:21 PM

if i put #xnsub on my s3s the pool shows up as down.. do they not support it?
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April 05, 2015, 07:47:47 PM

if i put #xnsub on my s3s the pool shows up as down.. do they not support it?



Are you putting /#xnsub before the port number? I did that too. It goes after.

i.e: http://www.nicehash.com:port/#xnsub

Also, unless you have a modified version of CGMiner flashed to the S3 it won't work anyway.

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April 05, 2015, 07:50:32 PM

if i put #xnsub on my s3s the pool shows up as down.. do they not support it?



Are you putting /#xnsub before the port number? I did that too. It goes after.

i.e: http://www.nicehash.com:port/#xnsub

Also, unless you have a modified version of CGMiner flashed to the S3 it won't work anyway.



no i just have the regular firmware from bitmain..
my s5 works tho and has a check.. and yeah i am putting it after the port.. like this
stratum+tcp://stratum.westhash.com:3334#xnsub

so it looks like to get the s3s to work i need to make my own proxy? or just leave it?
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April 05, 2015, 07:55:45 PM

if i put #xnsub on my s3s the pool shows up as down.. do they not support it?



Are you putting /#xnsub before the port number? I did that too. It goes after.

i.e: http://www.nicehash.com:port/#xnsub

Also, unless you have a modified version of CGMiner flashed to the S3 it won't work anyway.



no i just have the regular firmware from bitmain..
my s5 works tho and has a check.. and yeah i am putting it after the port.. like this
stratum+tcp://stratum.westhash.com:3334#xnsub

so it looks like to get the s3s to work i need to make my own proxy? or just leave it?


pretty sure you need a slash between the port number and the # symbol. Other than that no idea why it wouldn't connect. Mine connected without issues.
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April 05, 2015, 08:08:08 PM

if i put #xnsub on my s3s the pool shows up as down.. do they not support it?



Are you putting /#xnsub before the port number? I did that too. It goes after.

i.e: http://www.nicehash.com:port/#xnsub

Also, unless you have a modified version of CGMiner flashed to the S3 it won't work anyway.



no i just have the regular firmware from bitmain..
my s5 works tho and has a check.. and yeah i am putting it after the port.. like this
stratum+tcp://stratum.westhash.com:3334#xnsub

so it looks like to get the s3s to work i need to make my own proxy? or just leave it?


pretty sure you need a slash between the port number and the # symbol. Other than that no idea why it wouldn't connect. Mine connected without issues.

thanks, all the documentation i saw doesnt have the slash but i put it in and it seems to be working..
the s5 doesnt need it tho.. its working how i pasted.
strange.
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April 05, 2015, 08:17:21 PM

if i put #xnsub on my s3s the pool shows up as down.. do they not support it?



Are you putting /#xnsub before the port number? I did that too. It goes after.

i.e: http://www.nicehash.com:port/#xnsub

Also, unless you have a modified version of CGMiner flashed to the S3 it won't work anyway.



no i just have the regular firmware from bitmain..
my s5 works tho and has a check.. and yeah i am putting it after the port.. like this
stratum+tcp://stratum.westhash.com:3334#xnsub

so it looks like to get the s3s to work i need to make my own proxy? or just leave it?


pretty sure you need a slash between the port number and the # symbol. Other than that no idea why it wouldn't connect. Mine connected without issues.

nope its not working.. the pool shows alive now, but still a red X on the worker.. oh well.
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April 05, 2015, 08:22:03 PM

nope its not working.. the pool shows alive now, but still a red X on the worker.. oh well.

S3 has to be manually updated for xnsub support: download it here and see README: https://www.nicehash.com/index.jsp?p=software#asic

And it is

stratum+tcp://stratum.nicehash.com:PORT_NUM#xnsub

for cgminer (no / slash after port num)

and

stratum+tcp://stratum.nicehash.com:PORT_NUM/#xnsub

for bfgminer (yes, / slash after port num)


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April 05, 2015, 08:31:53 PM

From my experience, and what I've heard from others, you have to be careful with extranonce with Bitmain hardware.  They tend to not fail back to the alt pools when the price changes.

M

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April 05, 2015, 08:46:08 PM

i guess i wont worry about it then..
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April 06, 2015, 12:06:00 AM

My hash rate is being reported very low on this pool. Is that normal?
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April 06, 2015, 10:44:51 AM

My hash rate is being reported very low on this pool. Is that normal?

Have you tried setting the difficulty manually?
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April 10, 2015, 01:45:52 AM

My hash rate is being reported very low on this pool. Is that normal?

Have you tried setting the difficulty manually?

yes i tried this setup
p=0.0115;d=1024

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April 10, 2015, 03:39:24 AM

My hash rate is being reported very low on this pool. Is that normal?

Have you tried setting the difficulty manually?

yes i tried this setup
p=0.0115;d=1024



try p =0.0102

your p   is far too high.

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aarons6
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April 10, 2015, 03:44:47 AM

My hash rate is being reported very low on this pool. Is that normal?

Have you tried setting the difficulty manually?

yes i tried this setup
p=0.0115;d=1024



try p =0.0102

your p   is far too high.

it was just mining.. i want to mostly be on the ck solo pool.

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April 10, 2015, 09:46:00 AM

From my experience, and what I've heard from others, you have to be careful with extranonce with Bitmain hardware.  They tend to not fail back to the alt pools when the price changes.

M

My S3's would not failover sometimes but the S5's seem to failover just fine. (its very frustrating to find your miner just sitting idol)
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April 11, 2015, 07:05:32 PM

i dont understand how this pool works..
i am seeing this
#324068   Standard   Alive   0.0120   1.50659467   4.63   1000.00   786   651.3364

and my P= is set to 0.0115.. it says there can be 1000 THS, but there is only 651ths being filled.. yet my miners are showing D on the pool..

shouldnt they be mining?

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April 11, 2015, 07:07:32 PM

i dont understand how this pool works..
i am seeing this
#324068   Standard   Alive   0.0120   1.50659467   4.63   1000.00   786   651.3364

and my P= is set to 0.0115.. it says there can be 1000 THS, but there is only 651ths being filled.. yet my miners are showing D on the pool..

shouldnt they be mining?


no maybe yes

All three may be true depends on a lot more then the info you gave us.

all of these are active right now
they are all lower then your p of 0.0115  so the correct answer is you may not get the rental as all of them are ahead of your bid.



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April 11, 2015, 07:19:36 PM

i dont understand how this pool works..
i am seeing this
#324068   Standard   Alive   0.0120   1.50659467   4.63   1000.00   786   651.3364

and my P= is set to 0.0115.. it says there can be 1000 THS, but there is only 651ths being filled.. yet my miners are showing D on the pool..

shouldnt they be mining?



That order is the last one getting filled by the available hash power. There are currently only 938.1501 TH/s available for orders on westhash. Since there are other orders above this order, this order gets whatever is left over.

#323881   Fixed           Alive   0.0120      50.00           59   56.1730
#324449   Standard   Alive   0.0124      10.00           10   0.0147
#323996   Standard   Alive   0.0123      11.00           12   13.1375
#323995   Standard   Alive   0.0123           11.00      9   10.4244
#323998   Standard   Alive   0.0123      11.00           11   10.0810
#323997   Standard   Alive   0.0122      11.00           17   10.6009
#324034   Standard   Alive   0.0122            8.00           11   9.9687
#324430   Standard   Alive   0.0121         500.00           576   430.9073
#324068   Standard   Alive   0.0120        1000.00           518   398.3623

Add up the last column and it will come to about 938 TH/s.
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April 11, 2015, 07:37:01 PM

i dont understand how this pool works..
i am seeing this
#324068   Standard   Alive   0.0120   1.50659467   4.63   1000.00   786   651.3364

and my P= is set to 0.0115.. it says there can be 1000 THS, but there is only 651ths being filled.. yet my miners are showing D on the pool..

shouldnt they be mining?



Check currently paying rate on first page. That is what miners are being paid. If you set your threshold above that, your miners will not mine.

We have eliminated payments per order 1 year ago already, because it was unfair - some miners were paid more and some less. Now (for 1 year already), all miners are paid equal price.

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aarons6
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April 11, 2015, 08:00:52 PM

i dont understand how this pool works..
i am seeing this
#324068   Standard   Alive   0.0120   1.50659467   4.63   1000.00   786   651.3364

and my P= is set to 0.0115.. it says there can be 1000 THS, but there is only 651ths being filled.. yet my miners are showing D on the pool..

shouldnt they be mining?



Check currently paying rate on first page. That is what miners are being paid. If you set your threshold above that, your miners will not mine.

We have eliminated payments per order 1 year ago already, because it was unfair - some miners were paid more and some less. Now (for 1 year already), all miners are paid equal price.

oh ok. so it averages out all the active orders?

that makes sense.

doesnt that kind of suck tho? if someone puts a .001 order for a ton of hash it will bring down the average?

edit, so my miners just connected.. its working, just kind of confusing. lol.

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April 11, 2015, 08:49:37 PM

i dont understand how this pool works..
i am seeing this
#324068   Standard   Alive   0.0120   1.50659467   4.63   1000.00   786   651.3364

and my P= is set to 0.0115.. it says there can be 1000 THS, but there is only 651ths being filled.. yet my miners are showing D on the pool..

shouldnt they be mining?



Check currently paying rate on first page. That is what miners are being paid. If you set your threshold above that, your miners will not mine.

We have eliminated payments per order 1 year ago already, because it was unfair - some miners were paid more and some less. Now (for 1 year already), all miners are paid equal price.

oh ok. so it averages out all the active orders?

that makes sense.

doesnt that kind of suck tho? if someone puts a .001 order for a ton of hash it will bring down the average?

edit, so my miners just connected.. its working, just kind of confusing. lol.



He most likely will never get hashpower due to too low price. We have a lot of buyers that make BTC or LTC arbitrage. These keep the prices still relatively high, even when there is no demand for special coins to mine.

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April 11, 2015, 10:59:41 PM

Somebody is renting 1PH and the price is high. I had my password set wrong...missed a zero had .115 just fixed it to .0115 and now its rented out on Westhash.
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April 12, 2015, 09:49:18 AM

Wow somebody is renting hash for .0212?? mistake, nuts or another shit coin rush?? Tongue
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April 12, 2015, 02:26:42 PM

Wow somebody is renting hash for .0212?? mistake, nuts or another shit coin rush?? Tongue

Tron is the new hot pump & dump coin

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April 12, 2015, 02:55:42 PM

I set Extranonce subscription to "2" (20minutes ago) on my sp20, but it doesn't show up on Westhash. Thoughts? Do i need more patience or is something not working correctly?
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April 12, 2015, 03:01:21 PM

I set Extranonce subscription to "2" (20minutes ago) on my sp20, but it doesn't show up on Westhash. Thoughts? Do i need more patience or is something not working correctly?

Your miner will appear in the list almost instantly you connect it (1 minute).  If you don't see it, then it must be a problem on your side.

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April 12, 2015, 03:02:42 PM

I set Extranonce subscription to "2" (20minutes ago) on my sp20, but it doesn't show up on Westhash. Thoughts? Do i need more patience or is something not working correctly?

Your miner will appear in the list almost instantly you connect it (1 minute).  If you don't see it, then it must be a problem on your side.

It's in the list, but has a red X for extranonce even though I set extranonce to "2" for sp20 settings.

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April 12, 2015, 03:10:56 PM

I set Extranonce subscription to "2" (20minutes ago) on my sp20, but it doesn't show up on Westhash. Thoughts? Do i need more patience or is something not working correctly?

Your miner will appear in the list almost instantly you connect it (1 minute).  If you don't see it, then it must be a problem on your side.

It's in the list, but has a red X for extranonce even though I set extranonce to "2" for sp20 settings.



To my knowledge, you should use correct stratum URL for SP20 to use extranonce subscription:

Quote
stratum+tcp://stratum.westhash.com:3334#xnsub

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April 12, 2015, 03:15:28 PM

I set Extranonce subscription to "2" (20minutes ago) on my sp20, but it doesn't show up on Westhash. Thoughts? Do i need more patience or is something not working correctly?

you need put

 3334#xnsub   Let me find a photo

try reading here


https://bitcointalk.org/index.php?topic=872014.msg10745121#msg10745121

and here

https://bitcointalk.org/index.php?topic=872014.msg10693626#msg10693626


also there seem to be a handfull of sp20's that just won't do it no matter what you do.

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April 12, 2015, 03:51:01 PM

I set Extranonce subscription to "2" (20minutes ago) on my sp20, but it doesn't show up on Westhash. Thoughts? Do i need more patience or is something not working correctly?

Your miner will appear in the list almost instantly you connect it (1 minute).  If you don't see it, then it must be a problem on your side.

It's in the list, but has a red X for extranonce even though I set extranonce to "2" for sp20 settings.

Spoondoolies made a bit confusing implementation of cgminer with extranonce support (it has two cgminer binaries installed). Basically you don't have to put "2" into the "ExtraFlag" settings, but rather follow these instructions:

https://bitcointalk.org/index.php?topic=850620.msg10749390#msg10749390

This way any Spondoolies (SP20, SP3x) should work flawlessly with extranonce support.

p.s.: maybe someone should ask Spondoolies support if there is another (more elegant, via GUI) way to enable the second cgminer binary (4.8.0) with extranonce support...

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April 12, 2015, 04:33:13 PM

I updated the stratum url to stratum+tcp://stratum.westhash.com:3334#xnsub, and tried both with/without the flag setting to "2". Didn't work.

After reading a bit, looks like I have to update to cgminer 4.8 from 4.7. Not sure how to do that yet. Could use a little help there... After which I need to ssh into my miner to set the extranonce.

Sound correct?

Edit: Status on westhash is "dead".
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April 12, 2015, 04:40:41 PM

I updated the stratum url to stratum+tcp://stratum.westhash.com:3334#xnsub, and tried both with/without the flag setting to "2". Didn't work.

After reading a bit, looks like I have to update to cgminer 4.8 from 4.7. Not sure how to do that yet. Could use a little help there... After which I need to ssh into my miner to set the extranonce.

Sound correct?

Edit: Status on westhash is "dead".

After more reading, I discovered setting the flag to "2" and then rebooting solved the issue. Now on cgminer 4.8 and extranonce is turned on at Westhash. Nice!

Thanks all!!
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April 13, 2015, 03:59:23 AM

I updated the stratum url to stratum+tcp://stratum.westhash.com:3334#xnsub, and tried both with/without the flag setting to "2". Didn't work.

After reading a bit, looks like I have to update to cgminer 4.8 from 4.7. Not sure how to do that yet. Could use a little help there... After which I need to ssh into my miner to set the extranonce.

Sound correct?

Edit: Status on westhash is "dead".

After more reading, I discovered setting the flag to "2" and then rebooting solved the issue. Now on cgminer 4.8 and extranonce is turned on at Westhash. Nice!

Thanks all!!

Thanks worked perfect for me aswell.  Set flag to 2, used the url above seems to work great!
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April 14, 2015, 05:28:22 AM

So for the SP20, in order to get cgminer 4.8, with the Spondoolies 2.6.14 software, you need to do:

1) Set the "Extra Flag" to 2 on the Settings page.

2) Reboot the SP20. Not just restart the miner, but actually reboot it.

Once that's all done (about 2 minutes), and you have started the miner again after the reboot, then on the main "SP20 Jackson" page, it will show cgminer 4.8.0 rather than the 4.7.0 version.

You should now be able to fiddle with the pool settings to actually add Westhash/Nicehash with the #xnsub and other stuff required. The cgminer 4.8.0 software seems to work just fine with Slush, I am now off to fiddle with the pools.

It's kind of a convoluted way to make cgminer 4.8.0 as the miner. It's also easy to forget the reboot, not just miner restart.
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April 14, 2015, 10:59:53 PM

I have password set to P=0.0139, however my sp20's are still mining at Westhash even though the price states:

Algorithm   Port              Current Speed            Currently Paying                     24h Payouts
SHA256           3334              859.6464 TH/s           0.0098 BTC/TH/Day  4%            0.0101 BTC/TH/Day

Shouldn't my miners shift to the next available pool in the list?
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April 14, 2015, 11:03:54 PM

I have password set to P=0.0139, however my sp20's are still mining at Westhash even though the price states:

Algorithm   Port              Current Speed            Currently Paying                     24h Payouts
SHA256           3334              859.6464 TH/s           0.0098 BTC/TH/Day  4%            0.0101 BTC/TH/Day

Shouldn't my miners shift to the next available pool in the list?

Use lower case p and not P.

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April 14, 2015, 11:08:01 PM

I have password set to P=0.0139, however my sp20's are still mining at Westhash even though the price states:

Algorithm   Port              Current Speed            Currently Paying                     24h Payouts
SHA256           3334              859.6464 TH/s           0.0098 BTC/TH/Day  4%            0.0101 BTC/TH/Day

Shouldn't my miners shift to the next available pool in the list?

Use lower case p and not P.

Nice! That did it. Westhash now dead. Thank you.
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April 17, 2015, 06:11:23 AM

I've just in the last 3 days rigged my SP20 to use Westhash as my primary pool, and Slush as my backup pool. Prior to this, I have mined only on Slush. I currently have my password on Westhash set with p=.0104. My SP20 has spent a great deal of time on Westhash, with some short breaks back to Slush.

My general sense is that I am doing less well on Westhash. Yes, I know it's only 48 hours of experience, and Slush might be on a lucky streak. Nevertheless, I am wondering if my p= value is too low, or if I am just not understanding what to expect. My simplistic vies is that I would set p= based on the expected BTC I would earn in a day with 1TH. Based on bitcoinwisdom, that looks to be about .01017 (round up to .0102). I then chose a value such that it would only switch if it was "real deal" on Westhash.

I would appreciate any comments and insight that folks have to share.
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April 17, 2015, 06:25:50 AM

I've just in the last 3 days rigged my SP20 to use Westhash as my primary pool, and Slush as my backup pool. Prior to this, I have mined only on Slush. I currently have my password on Westhash set with p=.0104. My SP20 has spent a great deal of time on Westhash, with some short breaks back to Slush.

My general sense is that I am doing less well on Westhash. Yes, I know it's only 48 hours of experience, and Slush might be on a lucky streak. Nevertheless, I am wondering if my p= value is too low, or if I am just not understanding what to expect. My simplistic vies is that I would set p= based on the expected BTC I would earn in a day with 1TH. Based on bitcoinwisdom, that looks to be about .01017 (round up to .0102). I then chose a value such that it would only switch if it was "real deal" on Westhash.

I would appreciate any comments and insight that folks have to share.

I don't think pool hopping benefits you on Slush with how they deal with discards.  A ppnls pool will work better if you're swapping back and forth.

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April 17, 2015, 06:57:19 AM

On slush's pool you have to consider your expected payout based on what % of the time you spend mining on the pool.
On some pools you'd consider the % you are mining each day as the % of a days payout you'd expect to average.

On slush he pays so that you lose out if you don't mine 24/7 if you have an outage or stop mining.

So if you mine there 90% of the time (you have to include outages also), then you will expect to average over time, less than 90% of what you expect.
i.e. you expect to average less than 90% of the expected full time pay for mining 90% of the time.
Or in other terms, if the pool luck average is 100%, you'd expect to average less than 90% for mining 90% of the time.

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April 17, 2015, 07:45:11 AM

This is what I have never really understood about the "multiple pool" strategy with Westhash as the primary. Virtually all the other "normal" pools (e.g. Slush, Kano, etc), all cost me something if I am not there essentially 24x7. Yes I understand that outages happen, and I try and minimize my downtime, because then it appears to the pool as if I am "pool hopping", which in one way or another is discouraged. As I understand Kano's pool, until I have been mining pretty steadily for 2+ days, I am not really getting the "full rate" for my efforts. Once I have been there "steadily enough", then all is good. That feels like discoraging "pool hopping".

This isn't a specific complaint about Kano, or Slush for that matter. I just don't understand how it works to have Westhash as your primary, which switches on/off depending on the rate, and any other pool.

Why do people do this? It seems like you need to rig this with a pretty high bar for Westhash, so that it will only "hop away" from your "real primary" (e.g. Kano, Slush, etc), to offset the cost of the switch. That suggests that my p= would need to be way more than .0102. In other works only use Westhash if the returns are really "outsized" (e.g. the Paycoin frenzy), and not just a little bit better.
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April 17, 2015, 08:20:41 AM

This is what I have never really understood about the "multiple pool" strategy with Westhash as the primary. Virtually all the other "normal" pools (e.g. Slush, Kano, etc), all cost me something if I am not there essentially 24x7. Yes I understand that outages happen, and I try and minimize my downtime, because then it appears to the pool as if I am "pool hopping", which in one way or another is discouraged. As I understand Kano's pool, until I have been mining pretty steadily for 2+ days, I am not really getting the "full rate" for my efforts. Once I have been there "steadily enough", then all is good. That feels like discoraging "pool hopping".

This isn't a specific complaint about Kano, or Slush for that matter. I just don't understand how it works to have Westhash as your primary, which switches on/off depending on the rate, and any other pool.

Why do people do this? It seems like you need to rig this with a pretty high bar for Westhash, so that it will only "hop away" from your "real primary" (e.g. Kano, Slush, etc), to offset the cost of the switch. That suggests that my p= would need to be way more than .0102. In other works only use Westhash if the returns are really "outsized" (e.g. the Paycoin frenzy), and not just a little bit better.

some pools pay PPS.. like f2pool..

westhash is nice, but it has huge dips in payouts.. sometimes it goes really high but others its far below.

you can see what f2pool pays out, and then make your p= so it will never go below that.
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April 17, 2015, 08:32:33 AM

This is what I have never really understood about the "multiple pool" strategy with Westhash as the primary. Virtually all the other "normal" pools (e.g. Slush, Kano, etc), all cost me something if I am not there essentially 24x7. Yes I understand that outages happen, and I try and minimize my downtime, because then it appears to the pool as if I am "pool hopping", which in one way or another is discouraged. As I understand Kano's pool, until I have been mining pretty steadily for 2+ days, I am not really getting the "full rate" for my efforts. Once I have been there "steadily enough", then all is good. That feels like discoraging "pool hopping".
No, in the case of my pool, that's simply misunderstanding the 5N (500%) payout.

Consider this: if you mine at a PPS pool and the pool finds a block 5 minutes after you start mining - what will your payout be?
Of course it will only be the number of shares you found, not your hash rate as a fraction of the whole pool, of the block
(and of course that isn't supposed to be affected by when the pool finds a block)
As the day progresses, your reward increases ... and it does this each time you submit a share.
Do you get paid into your wallet each time you find a share? No, you get paid on the basis of the rules of the pool, at certain points over time.

On my PPLNS pool you get paid each time a block is found.
What you get paid, is the % of shares you have in the total shares accounted to the block.
That is always the same no matter how long you have been mining.
Since the payout is for 500% of shares before the block was found, each share is paid ~1/5 PPS.
But each share is expected to be paid, on average, 5 times. So it takes time for each share to be fully paid.
You don't expect to lose BTC on average no matter how you mine, the pool's block finding luck is the only thing that affects how many times a share is paid.

Quote
This isn't a specific complaint about Kano, or Slush for that matter. I just don't understand how it works to have Westhash as your primary, which switches on/off depending on the rate, and any other pool.

Why do people do this? It seems like you need to rig this with a pretty high bar for Westhash, so that it will only "hop away" from your "real primary" (e.g. Kano, Slush, etc), to offset the cost of the switch. That suggests that my p= would need to be way more than .0102. In other works only use Westhash if the returns are really "outsized" (e.g. the Paycoin frenzy), and not just a little bit better.
No, on my pool your expected average reward is the % of time you spend mining.
Jumping on or off doesn't change the expected average.
The only caveat is if a block ever lasts for more than 500%, then shares at the start of the block will not get paid as the block gets longer than 500%
That is rare, and we have only had one block so far over 500%.
The CDF of 500% is 0.0067 so that would only expect to affect on average less than 2 in every 250 blocks, and the affect vs full time mining would be very small each time.

I gave slushes example above because his payout scheme specifically disadvantages anyone who doesn't mine 24/7

In my case the disadvantage isn't to stop people hopping on and off at all, it is simply that with the share age limit at 500% the average expected effect of hopping is exceedingly small, but making it more than 500% means getting your full share payout takes longer.

The only ways to avoid shares ageing are:
1) Make the life of the share longer ... but that doesn't avoid it, just makes it longer and less likely before it happens and increases the time to reach maximum payout
2) Prop - but then all the long term miners get paid less for their shares than the smart hoppers, so no one in their right mind would mine at a Prop pool.
3) PPS - but the PPS pool should charge you a higher fee or expect to go broke or have problems paying ... case in point ... BAN
With PPS, you need to see what PPS you are getting (i.e. what fee you are paying) vs the expected 100% since that fee may well far outweigh the rare/tiny expected loss due to hopping on the 'better' pools Smiley

So, I guess the answer to your question is that some pools are bad for hopping and others the effect is so small it is clearly better than PPS mining in the long term.

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April 17, 2015, 04:26:47 PM

Thanks for a cogent, clear, and calm response to my inquiry. When I started back in 2013, I was mostly concerned about pool manager fraud, and it seemed like Slush was a good choice using that metric. As I have gotten more educated, and more invested, it seems I should pay attention to some other options for a pool.

Thanks again, Kano!
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April 17, 2015, 06:23:30 PM

Thanks for a cogent, clear, and calm response to my inquiry. When I started back in 2013, I was mostly concerned about pool manager fraud, and it seemed like Slush was a good choice using that metric. As I have gotten more educated, and more invested, it seems I should pay attention to some other options for a pool.

Thanks again, Kano!

I strongly recommend kano.is to mine on, he's active, super helpful and constantly working on development of ckpool.
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April 17, 2015, 06:38:14 PM

On my PPLNS pool you get paid each time a block is found.
Just a tiny correction to this statement.  On kano's pool you get paid once the block is found, confirmed and the generated coins from the block reward have matured.  I only write this so that you don't think you get paid immediately when a block is found Smiley.

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April 17, 2015, 06:45:55 PM

On my PPLNS pool you get paid each time a block is found.
Just a tiny correction to this statement.  On kano's pool you get paid once the block is found, confirmed and the generated coins from the block reward have matured.  I only write this so that you don't think you get paid immediately when a block is found Smiley.

I didn't actually expect anything instantaneous. On Slush, there's a "100 confirmation" delay built into the actual payout. That's at least hours, though usually less than a day, in duration.
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April 17, 2015, 07:25:51 PM

On my PPLNS pool you get paid each time a block is found.
Just a tiny correction to this statement.  On kano's pool you get paid once the block is found, confirmed and the generated coins from the block reward have matured.  I only write this so that you don't think you get paid immediately when a block is found Smiley.

I didn't actually expect anything instantaneous. On Slush, there's a "100 confirmation" delay built into the actual payout. That's at least hours, though usually less than a day, in duration.
The only pools (that I know of currently) in which you get actual generated coins are p2pool, Eligius and ck.'s solo pool.  The payout system at Eligius is convoluted.  You have to wait some amount of time to even make it into the payout queue, you then have to wait 101 confirmations before you can use the coins you mined.  When p2pool finds a block and you've got shares on the share chain you get part of the 25BTC block reward paid to you.  You must also wait for the 101 confirmations for the coin to mature.  Get lucky and find a block on ck.'s solo pool and the coins are generated directly to your address - also necessary to wait the 101 confirmations.

I'm not sure how some of the other solo mining pools payouts work, but if they're like ck.'s pool, then you're getting the coins generated from the block reward and are waiting the 101 confirmations.

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
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April 19, 2015, 05:28:40 AM

What is everyone renting sha256 to mine?
Some new alt?

Transaction fees go to the pools and the pools decide to pay them to the miners. Anything else, including off-chain solutions are stealing and not the way Bitcoin was intended to function.
Make the block size set by the pool. Pool = miners and they get the choice.
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April 19, 2015, 05:48:44 AM

What is everyone renting sha256 to mine?
Some new alt?

tbh I don't care, mo money for me.`
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April 19, 2015, 04:00:35 PM

What the fuck ever, Kano. My numbers are in fact correct when calculating what you will actually get paid when you compare that to the predicted payout. That is precisely what the poster was asking when I answered his question. Why you get paid a certain amount on different pools was not being discussed and you are just trying to obfuscate things by introducing strawman arguments.

 You should have just told me that you were running a pool and you were here to try to drive people away from here to your pool, it would have saved a lot of keystrokes.

Dude, forget it. Not worth arguing with this guy. He's the most rude pool operator around and will follow you around the forums making sure to point out every thing he can to make you look bad or like an idiot. Every pool operator I've ever asked questions to, spoke with and had communications with had patience, and acted in a grown up professional manner. This guy is just out of control. Besides his cronies that think he's an idol he's basically a dick to anyone that isn't "in the group" or something. You'll eventually see the results when the pool gets smaller and smaller. No one wants to be running their hardware on a pool where the operator is an ass. Plain and simple. Just read a few pages back. He told me to go fuck myself. I was being as passive and nice as I can and the dude just flips. He definitely has an anger problem. Yea, he drives people away. Don't know why.

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April 19, 2015, 05:21:50 PM

Nicehash, where do you suggest to get the most recent and accurate information on what we should use as our password. Do you recommend using your main page for SHA-256? Currently it indicates 0.0119 and wondered if using that number or going up a bit higher to make it worth it? I wouldn't want my rigs switching too many times I guess. May as well want to make it worth it. I also some times do not have the access to change my password field, limited access to my miners. So that in itself could be a bust for me to use this type of proxy hashing. What do you think?

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April 19, 2015, 05:50:46 PM

Nicehash, where do you suggest to get the most recent and accurate information on what we should use as our password. Do you recommend using your main page for SHA-256? Currently it indicates 0.0119 and wondered if using that number or going up a bit higher to make it worth it? I wouldn't want my rigs switching too many times I guess. May as well want to make it worth it. I also some times do not have the access to change my password field, limited access to my miners. So that in itself could be a bust for me to use this type of proxy hashing. What do you think?


We have "percentage p=" on todo list, where you would be able to only specify % above or below current profitability of ideal 100% luck bitcoin mining. But even this would not solve the possible price tag, where your miners may constantly switch on/off. It is impossible to say what price to set that your miners would never fall into this mode.

It is good practice to use PPS backup pool for switching.

Another option is; you may simply ignore p=. NiceHash paid 4% above ideal 100% luck bitcoin mining in past 30 days and with 2% fee this means 2% above ideal 100% luck bitcoin mining. There are no other pools that can guarantee you this with extremely regular payments. Not to mention extreme spikes that can happen (paycoin for example). Down spikes are not often or very big - we have a lot of buyers that do arbitrage and they pull the price up towards 100% luck bitcoin mining.

If you want guaranteed payment, mine with NiceHash. If you want to gamble, choose other pools or even solo pools.

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April 19, 2015, 07:14:33 PM

Nicehash, where do you suggest to get the most recent and accurate information on what we should use as our password. Do you recommend using your main page for SHA-256? Currently it indicates 0.0119 and wondered if using that number or going up a bit higher to make it worth it? I wouldn't want my rigs switching too many times I guess. May as well want to make it worth it. I also some times do not have the access to change my password field, limited access to my miners. So that in itself could be a bust for me to use this type of proxy hashing. What do you think?


We have "percentage p=" on todo list, where you would be able to only specify % above or below current profitability of ideal 100% luck bitcoin mining. But even this would not solve the possible price tag, where your miners may constantly switch on/off. It is impossible to say what price to set that your miners would never fall into this mode.

It is good practice to use PPS backup pool for switching.

Another option is; you may simply ignore p=. NiceHash paid 4% above ideal 100% luck bitcoin mining in past 30 days and with 2% fee this means 2% above ideal 100% luck bitcoin mining. There are no other pools that can guarantee you this with extremely regular payments. Not to mention extreme spikes that can happen (paycoin for example). Down spikes are not often or very big - we have a lot of buyers that do arbitrage and they pull the price up towards 100% luck bitcoin mining.

If you want guaranteed payment, mine with NiceHash. If you want to gamble, choose other pools or even solo pools.

I have used your pool for a few weeks now and do enjoy the daily payouts.

For historical purpoese what sort of spike did you actually see with the pay coin frenzy?
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April 19, 2015, 07:21:28 PM

Nicehash, where do you suggest to get the most recent and accurate information on what we should use as our password. Do you recommend using your main page for SHA-256? Currently it indicates 0.0119 and wondered if using that number or going up a bit higher to make it worth it? I wouldn't want my rigs switching too many times I guess. May as well want to make it worth it. I also some times do not have the access to change my password field, limited access to my miners. So that in itself could be a bust for me to use this type of proxy hashing. What do you think?


We have "percentage p=" on todo list, where you would be able to only specify % above or below current profitability of ideal 100% luck bitcoin mining. But even this would not solve the possible price tag, where your miners may constantly switch on/off. It is impossible to say what price to set that your miners would never fall into this mode.

It is good practice to use PPS backup pool for switching.

Another option is; you may simply ignore p=. NiceHash paid 4% above ideal 100% luck bitcoin mining in past 30 days and with 2% fee this means 2% above ideal 100% luck bitcoin mining. There are no other pools that can guarantee you this with extremely regular payments. Not to mention extreme spikes that can happen (paycoin for example). Down spikes are not often or very big - we have a lot of buyers that do arbitrage and they pull the price up towards 100% luck bitcoin mining.

If you want guaranteed payment, mine with NiceHash. If you want to gamble, choose other pools or even solo pools.

Thank you very much for your information. It is much appreciated.

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April 19, 2015, 09:02:55 PM

Nicehash, where do you suggest to get the most recent and accurate information on what we should use as our password. Do you recommend using your main page for SHA-256? Currently it indicates 0.0119 and wondered if using that number or going up a bit higher to make it worth it? I wouldn't want my rigs switching too many times I guess. May as well want to make it worth it. I also some times do not have the access to change my password field, limited access to my miners. So that in itself could be a bust for me to use this type of proxy hashing. What do you think?


We have "percentage p=" on todo list, where you would be able to only specify % above or below current profitability of ideal 100% luck bitcoin mining. But even this would not solve the possible price tag, where your miners may constantly switch on/off. It is impossible to say what price to set that your miners would never fall into this mode.

It is good practice to use PPS backup pool for switching.

Another option is; you may simply ignore p=. NiceHash paid 4% above ideal 100% luck bitcoin mining in past 30 days and with 2% fee this means 2% above ideal 100% luck bitcoin mining. There are no other pools that can guarantee you this with extremely regular payments. Not to mention extreme spikes that can happen (paycoin for example). Down spikes are not often or very big - we have a lot of buyers that do arbitrage and they pull the price up towards 100% luck bitcoin mining.

If you want guaranteed payment, mine with NiceHash. If you want to gamble, choose other pools or even solo pools.

I have used your pool for a few weeks now and do enjoy the daily payouts.

For historical purpoese what sort of spike did you actually see with the pay coin frenzy?

Miners were being paid about 10 times more than usually for about 5 days.

NiceHash.com - Largest Crypto-Mining Marketplace
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April 20, 2015, 12:02:55 AM

Is this the correct thread for a couple of simple nicehashbot questions, or should I message support?
I believe it is an underutilized feature many would benefit from, especially if they are mining on a daily basis.

If I want to accomplish a couple of basic things such as:
1. I want to set a maximum price I am willing to pay in BTC per TH, but actually pay the least amount possible in BTC per TH. At the moment the bot simply uses my price no matter where the floor is and still requires me manually entering a price to maintain miners.
2. I would like a way to change the worker name based on the current price I am paying so I may track my usage of WH on a per price via the pool side data. Is this possible?

I understand these may be things I have to code myself. Is there a place where other nicehashbot users are sharing this type of code? If not where would you recommend we start an unofficial thread to discuss these things. They could be donation based as it seems to work well in other areas.

When I first joined I did not like the interface as much as a different site, but it has grown on me and I now enjoy many of the things you have done to allow the community to use the site in a more flexible way from the custom firmware to the bot. NH / WH has quickly become my favorite rental site.

I always ramble a bit so...
Personally I am loyal to Kano's pool. He and CK have done some things for me I will never be able to pay back no matter how much I plan to be able to tip in the not so distant future, but I do set my price for westhash on a significant portion of my best mining gear, my SP20s and when the price is right my baby girls swoop in. I enjoyed some exquisite payouts over the past week which barely affected my payouts with Kano. The downtime from my move, installing completely new power distribution, sub panel, all new wiring, sockets, all the way to my miners, and I will lose some mining time from cable management and moving everything to a new switch with a backup switch and backup internet. All for my measly little amount of hash power, but the actual doing is phenomenal fun and I plan for all of this infrastructure work  to pay off or at least break even. I do consider it a business, it is too much work to be a hobby Smiley If things changed to a point I was unable to mine with Kano I would use WH as my primary and evaluate the WH / NH pool as a viable permanent main pool. There are many data points to consider but so far you have been excellent to work with.

When I decided I wanted to put something in my sig along the lines of a sig "campaign" I did not want to represent a straight dice gambling site. I do not use them. I have began trading some but none of the exchanges were stand out to me as places I can recommend someone visit.  West / Nice is a place I use on both ends and I feel good about recommending them. I have not checked any referrals in my account so it may not have done any good for them yet, but I have no doubts it will.

Once I get a version of the bot squared away the way I like it I plan to use the site to bring some acquaintances into the world of crypto in a try before you buy scenario. I want to be knowledgeable enough to be a crypto consultant in my area, organize meetups, and especially targeting people who are currently throwing their money away at all of the local casinos. Not everyone is a winner, and not everyone is a loser at a casino, but I feel the casino is setup to be a much more guaranteed loss. At least with NH / WH you can play a much bigger part in more variables deciding win or lose, (in my opinion), all from the safety of your home, or on the go while still spending quality time with your family, and in my case, supporting Bitcoin. I have only mined BITCOIN, but my main objective is helping promote the blockchain technology and I want to enable people to see what it and they can do.  

I am loyal, and westhash / nicehash have been steadily earning a place with me for I hope a long time to come.
You guys get that communication is the main key. So many companies do not understand that even if the customer doesn't like your answer, if you respond and take the time to hear them, maybe offer some alternative plan or go into some details regarding how you may be able to help them in the future they still may not like the current answer, but if they have common sense they will see you are doing what you can.

In my opinion a for profit business which communicates and lets people know their current and future plans is the best kind of business for this world. I want the company I do business with to want making money in the top area of the priority list. It goes hand in hand with any long term business plan because it highlights customer service. Without customer service, you will not remain profitable for years and years, with customer service, you dominate in the long run. I make choices now with companies who cost more but offer me better service. I do not mind paying extra to a company who has proven to provide superior support, especially when they exceed in several areas. I can get internet service much cheaper from AT&T than Cableone, but AT&T has nowhere near the offerings and customer service.

If you read all of my jabber thanks, and I hope you are having a great day, night, morning or evening wherever you are across this world.

Transaction fees go to the pools and the pools decide to pay them to the miners. Anything else, including off-chain solutions are stealing and not the way Bitcoin was intended to function.
Make the block size set by the pool. Pool = miners and they get the choice.
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April 20, 2015, 01:09:38 AM

And there go the rates climbing now. Must be another new alt dropping.

Transaction fees go to the pools and the pools decide to pay them to the miners. Anything else, including off-chain solutions are stealing and not the way Bitcoin was intended to function.
Make the block size set by the pool. Pool = miners and they get the choice.
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April 20, 2015, 02:14:50 AM

And there go the rates climbing now. Must be another new alt dropping.

yeah I am retired and check manually.  

right now my p=0.0199   just under the lowest which is 0.0202


which is 2x normal while it lasts.

Right now I am renting  from nicehash fixed for .0101 and   renting to nicehash for 0.0199.

does not happen a lot  but I thought fixed was very low at 0.0101 last night  I hoped we may have spike today and we are.

the two in blue are me I have about 1 hour left


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I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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April 20, 2015, 03:16:13 AM

Nicehash, where do you suggest to get the most recent and accurate information on what we should use as our password. Do you recommend using your main page for SHA-256? Currently it indicates 0.0119 and wondered if using that number or going up a bit higher to make it worth it? I wouldn't want my rigs switching too many times I guess. May as well want to make it worth it. I also some times do not have the access to change my password field, limited access to my miners. So that in itself could be a bust for me to use this type of proxy hashing. What do you think?


We have "percentage p=" on todo list, where you would be able to only specify % above or below current profitability of ideal 100% luck bitcoin mining. But even this would not solve the possible price tag, where your miners may constantly switch on/off. It is impossible to say what price to set that your miners would never fall into this mode.

It is good practice to use PPS backup pool for switching.

Another option is; you may simply ignore p=. NiceHash paid 4% above ideal 100% luck bitcoin mining in past 30 days and with 2% fee this means 2% above ideal 100% luck bitcoin mining. There are no other pools that can guarantee you this with extremely regular payments. Not to mention extreme spikes that can happen (paycoin for example). Down spikes are not often or very big - we have a lot of buyers that do arbitrage and they pull the price up towards 100% luck bitcoin mining.

If you want guaranteed payment, mine with NiceHash. If you want to gamble, choose other pools or even solo pools.

I have used your pool for a few weeks now and do enjoy the daily payouts.

For historical purpoese what sort of spike did you actually see with the pay coin frenzy?

Miners were being paid about 10 times more than usually for about 5 days.

Last weekend I saw 30% and tonight 26%.  Why the frenzy now?
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April 20, 2015, 03:17:29 AM

Nicehash, where do you suggest to get the most recent and accurate information on what we should use as our password. Do you recommend using your main page for SHA-256? Currently it indicates 0.0119 and wondered if using that number or going up a bit higher to make it worth it? I wouldn't want my rigs switching too many times I guess. May as well want to make it worth it. I also some times do not have the access to change my password field, limited access to my miners. So that in itself could be a bust for me to use this type of proxy hashing. What do you think?


We have "percentage p=" on todo list, where you would be able to only specify % above or below current profitability of ideal 100% luck bitcoin mining. But even this would not solve the possible price tag, where your miners may constantly switch on/off. It is impossible to say what price to set that your miners would never fall into this mode.

It is good practice to use PPS backup pool for switching.

Another option is; you may simply ignore p=. NiceHash paid 4% above ideal 100% luck bitcoin mining in past 30 days and with 2% fee this means 2% above ideal 100% luck bitcoin mining. There are no other pools that can guarantee you this with extremely regular payments. Not to mention extreme spikes that can happen (paycoin for example). Down spikes are not often or very big - we have a lot of buyers that do arbitrage and they pull the price up towards 100% luck bitcoin mining.

If you want guaranteed payment, mine with NiceHash. If you want to gamble, choose other pools or even solo pools.

I have used your pool for a few weeks now and do enjoy the daily payouts.

For historical purpoese what sort of spike did you actually see with the pay coin frenzy?

Miners were being paid about 10 times more than usually for about 5 days.

Last weekend I saw 30% and tonight 26%.  Why the frenzy now?


as always a new alt coin take the money while you can. I am getting 0.02 price for it.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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April 20, 2015, 03:29:13 AM

Nicehash, where do you suggest to get the most recent and accurate information on what we should use as our password. Do you recommend using your main page for SHA-256? Currently it indicates 0.0119 and wondered if using that number or going up a bit higher to make it worth it? I wouldn't want my rigs switching too many times I guess. May as well want to make it worth it. I also some times do not have the access to change my password field, limited access to my miners. So that in itself could be a bust for me to use this type of proxy hashing. What do you think?


We have "percentage p=" on todo list, where you would be able to only specify % above or below current profitability of ideal 100% luck bitcoin mining. But even this would not solve the possible price tag, where your miners may constantly switch on/off. It is impossible to say what price to set that your miners would never fall into this mode.

It is good practice to use PPS backup pool for switching.

Another option is; you may simply ignore p=. NiceHash paid 4% above ideal 100% luck bitcoin mining in past 30 days and with 2% fee this means 2% above ideal 100% luck bitcoin mining. There are no other pools that can guarantee you this with extremely regular payments. Not to mention extreme spikes that can happen (paycoin for example). Down spikes are not often or very big - we have a lot of buyers that do arbitrage and they pull the price up towards 100% luck bitcoin mining.

If you want guaranteed payment, mine with NiceHash. If you want to gamble, choose other pools or even solo pools.

I have used your pool for a few weeks now and do enjoy the daily payouts.

For historical purpoese what sort of spike did you actually see with the pay coin frenzy?

Miners were being paid about 10 times more than usually for about 5 days.

Last weekend I saw 30% and tonight 26%.  Why the frenzy now?


as always a new shit coin take the money while you can. I am getting 0.02 price for it.

I am almost wondering if I should fire up my old s1's to help the cause??
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April 20, 2015, 03:30:26 AM

Nicehash, where do you suggest to get the most recent and accurate information on what we should use as our password. Do you recommend using your main page for SHA-256? Currently it indicates 0.0119 and wondered if using that number or going up a bit higher to make it worth it? I wouldn't want my rigs switching too many times I guess. May as well want to make it worth it. I also some times do not have the access to change my password field, limited access to my miners. So that in itself could be a bust for me to use this type of proxy hashing. What do you think?


We have "percentage p=" on todo list, where you would be able to only specify % above or below current profitability of ideal 100% luck bitcoin mining. But even this would not solve the possible price tag, where your miners may constantly switch on/off. It is impossible to say what price to set that your miners would never fall into this mode.

It is good practice to use PPS backup pool for switching.

Another option is; you may simply ignore p=. NiceHash paid 4% above ideal 100% luck bitcoin mining in past 30 days and with 2% fee this means 2% above ideal 100% luck bitcoin mining. There are no other pools that can guarantee you this with extremely regular payments. Not to mention extreme spikes that can happen (paycoin for example). Down spikes are not often or very big - we have a lot of buyers that do arbitrage and they pull the price up towards 100% luck bitcoin mining.

If you want guaranteed payment, mine with NiceHash. If you want to gamble, choose other pools or even solo pools.

I have used your pool for a few weeks now and do enjoy the daily payouts.

For historical purpoese what sort of spike did you actually see with the pay coin frenzy?

Miners were being paid about 10 times more than usually for about 5 days.

Last weekend I saw 30% and tonight 26%.  Why the frenzy now?


as always a new alt coin take the money while you can. I am getting 0.02 price for it.

I am almost wondering if I should fire up my old s1's to help the cause??

Sure if it makes money sense do it.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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April 20, 2015, 03:55:57 AM

Well, it appears that at least Westhash has gone back to being "in balance" where the cost to rent is higher than the price to sell hash to Westhash. If I am reading things correctly, I am getting up to .0235 for the hash I am renting to them. This is roughly double what I think I would expect to earn at almost any other BTC pool. None of this makes sense, and it obviously can't last, but it is VERY interesting.
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April 20, 2015, 03:59:42 AM

Well, it appears that at least Westhash has gone back to being "in balance" where the cost to rent is higher than the price to sell hash to Westhash. If I am reading things correctly, I am getting up to .0235 for the hash I am renting to them. This is roughly double what I think I would expect to earn at almost any other BTC pool. None of this makes sense, and it obviously can't last, but it is VERY interesting.

yeah my fixed rates have expired so the magical moment of paying 0.0101 to rent 50th and renting out 2th at 0.0212 is gone.

But my two avalon 4.1's are overclocked and earning 0.0212 as I type .   pretty good.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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April 20, 2015, 01:13:18 PM

I wish I understood how this all worked, but I started pointing hash here while it's more than what I would get at PPLNS on 100% luck.  I also set p=0.0106 for the time being.
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April 20, 2015, 04:25:16 PM

I wish I understood how this all worked, but I started pointing hash here while it's more than what I would get at PPLNS on 100% luck.  I also set p=0.0106 for the time being.

set price higher then p=0.0106

westhash floor is 0.0115

nicehash floor is 0.0120







Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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April 20, 2015, 07:14:10 PM

Thanks for the tip, I just finished reading the "Getting Started" section of their website so now I understand how buyers bid for hash. 

Supply and Demand  Smiley
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April 20, 2015, 08:20:34 PM

I am curious about something regarding when I "rent" my SP20 to Westhash. Over the last 24 hous, the "advertised" rate on the Westhash website has been well over .0127 based on my sampling of it. Assuming that we have two identical 1TH miners, but they use different p= values (say .0110 and .0120), would we expect a different payout for the two miners? I am trying to understand if I need to "demand" a higher rate, still below the advertised rate, in order to maximize my return.  I can see many different implementations, and how they might work.

Insight and experience comments would be greatly appreciated.
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April 20, 2015, 08:34:45 PM

I am curious about something regarding when I "rent" my SP20 to Westhash. Over the last 24 hous, the "advertised" rate on the Westhash website has been well over .0127 based on my sampling of it. Assuming that we have two identical 1TH miners, but they use different p= values (say .0110 and .0120), would we expect a different payout for the two miners? I am trying to understand if I need to "demand" a higher rate, still below the advertised rate, in order to maximize my return.  I can see many different implementations, and how they might work.

Insight and experience comments would be greatly appreciated.

Take a look at this FAQ: https://www.nicehash.com/index.jsp?p=faq#faqg1

Hashing power sellers are paid at the current weighted average price, which is refreshed each minute. Current price is displayed on the NiceHash.com front page.

You are not paid by particular order, neither you can't "demand higher rate" - you'll always be paid the same as all other miners - plain simple and fair Wink

The p= parameter is there only to disconnect your miner when the current weighted average price if lower the setting in your p= parameter (btw: if you take a look at the pool's past 30days stats you'll see that youe really don't even need to use any p= at all, since the payouts in average are very well above 100% luck ideal Bitcoin mining Wink )

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April 20, 2015, 09:53:39 PM

Nicehash, where do you suggest to get the most recent and accurate information on what we should use as our password. Do you recommend using your main page for SHA-256? Currently it indicates 0.0119 and wondered if using that number or going up a bit higher to make it worth it? I wouldn't want my rigs switching too many times I guess. May as well want to make it worth it. I also some times do not have the access to change my password field, limited access to my miners. So that in itself could be a bust for me to use this type of proxy hashing. What do you think?


We have "percentage p=" on todo list, where you would be able to only specify % above or below current profitability of ideal 100% luck bitcoin mining. But even this would not solve the possible price tag, where your miners may constantly switch on/off. It is impossible to say what price to set that your miners would never fall into this mode.

It is good practice to use PPS backup pool for switching.

Another option is; you may simply ignore p=. NiceHash paid 4% above ideal 100% luck bitcoin mining in past 30 days and with 2% fee this means 2% above ideal 100% luck bitcoin mining. There are no other pools that can guarantee you this with extremely regular payments. Not to mention extreme spikes that can happen (paycoin for example). Down spikes are not often or very big - we have a lot of buyers that do arbitrage and they pull the price up towards 100% luck bitcoin mining.

If you want guaranteed payment, mine with NiceHash. If you want to gamble, choose other pools or even solo pools.

I have used your pool for a few weeks now and do enjoy the daily payouts.

For historical purpoese what sort of spike did you actually see with the pay coin frenzy?

Miners were being paid about 10 times more than usually for about 5 days.

Last weekend I saw 30% and tonight 26%.  Why the frenzy now?


as always a new alt coin take the money while you can. I am getting 0.02 price for it.

so you say you are getting .02 / where do I see what I am getting? 
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